156 - Mortgage Rate Predictions for 2023… It Could Be Wild
How to Buy a Home: The #1 First Time Home Buyer Podcast
David Sidoni
4.8 • 891 Ratings
🗓️ 24 January 2023
⏱️ 37 minutes
🧾️ Download transcript
Summary
In 2022, everyone was SHOCKED when mortgage rates leapt from 3% to 7% in just half a year. The sudden increase left a lot of people scared, so the market began screeching to a halt by the end of 2022. Now, mortgage rates are still at 7%, but they may not stay there for long.
In the second part of his multi-episode series, David Sidoni analyzes data and reports from industry experts to drop some truth bombs about mortgage rates in 2023. There’s a lot of opinions floating around out there about where mortgage rates could be by the end of this year, but David gives it to you straight. The bottom line? If you’re ready to buy a home, get prepared NOW.
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David Sidoni, the "How to Buy a Home Guy," is a seasoned real estate professional and consumer advocate with over 18 years of experience helping first-time homebuyers navigate the real estate market. His podcast, "How to Buy a Home," is a trusted resource for anyone looking to buy their first home. It offers expert advice, actionable tips, and inspiring stories from real first-time homebuyers. With a focus on making the home-buying process accessible and understandable, David breaks down complex topics into easy-to-follow steps, covering everything from budgeting and financing to finding the right home and making an offer.
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Transcript
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| 0:00.0 | On Air Brands |
| 0:02.9 | 2020 was insanity in the housing market. |
| 0:08.1 | So what in the world's going to happen in 2020? |
| 0:10.4 | Well, this is part two of my 2023 |
| 0:13.3 | Housing Predictions Forecast. |
| 0:16.3 | Let's talk about it. |
| 0:33.1 | Music Let's talk about it. What is up my how to buy a homies? |
| 0:36.6 | How you doing? |
| 0:37.0 | I'm your host, David Sedone. |
| 0:38.1 | I'm the Unicorn Wrangler on a mission to help you woefully underserved first-time home |
| 0:43.6 | buyers. |
| 0:44.4 | Now, these forecast episodes, they're designed to help you read past all the clickbait |
| 0:49.4 | headlines and actually give you a grasp on the real data. |
| 0:53.2 | It's going to take more than a 30-second TikTok or an Instagram reel to explain what is |
| 0:58.3 | potentially going to happen and why. |
| 1:00.4 | So be proud of yourself for putting the work in. |
| 1:03.0 | We're going more than 30 seconds today. |
| 1:05.6 | As you know, we've already done episode number one, part one, was the last episode, 155. This is part two. Part one was |
| 1:14.4 | rents. Part two, we're going to be getting into rates. Let's go. If you've been paying attention |
| 1:20.8 | at all, you've heard about mortgage interest rates. Big story in the news this year. And if you |
| 1:26.3 | haven't heard about it, hey, congratulations. Good for you. You have a life. And story in the news this year. And if you haven't heard about it, hey, |
| 1:27.7 | congratulations. Good for you. You have a life. And much of the conversation that we've heard this year |
... |
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