U.S. Mortgage Rates Top 7% For The First Time In 2 Decades

The video discusses the rise in mortgage rates, which have surpassed 7%, marking the highest level in 21 years. Experts Jacob Channel and Rogers Healey analyze the impact on the real estate market, noting a slowdown as buyers hesitate due to high rates. They discuss the pros and cons of adjustable rate mortgages, which have become more popular. The conversation also covers the dynamics between buyers and sellers, suggesting that the market is stabilizing. Finally, they offer advice for those considering entering the market, emphasizing the importance of playing the short game and adapting to current conditions.

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