The Federal Reserve has stayed the course, stalling rate cuts as they wait to see the impact of President Donald Trump’s Tariffs. Vivian Gueler, CFO of Pacific Trust Group, spoke about mortgage rate expectations for the coming year.
It depends what region they work in, but overall they're finding ways to help buyers navigate a market full of expensive homes, high interest rates and, in some cases, soaring insurance costs.
Homes are likely to remain expensive for the foreseeable future because of persistently high interest rates and the fact that homes are not being built fast enough to meet demand.
“I want a house so badly,” said Ashley Ayala of Texas. “But for work, I travel three weeks out of the month... It is very hard for me to justify the largest purchase of my life when I am only home one week a month.”
The GOP’s plan to put a for-sale sign on millions of acres of federal land out West was just nixed. But the idea has been kicking around Washington for years.