Rates are headed down with the average 30yr fixed as of this morning around 5.500%.

The lower inflation goes, the lower mortgage rates will go.

And the tighter a recession grips consumers, the lower rates will go.

Consumer sentiment (how the consumer feels about current finances) is a key metric to watch – we have only been this low on 3 other occasions in the last 45 years.

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“Be fearful when others are greedy, and be greedy when others are fearful” – Warren Buffet

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