{"id":512,"date":"2022-10-15T08:13:53","date_gmt":"2022-10-15T18:13:53","guid":{"rendered":"https:\/\/oahure.com\/oahu-real-estate\/?p=512"},"modified":"2022-10-17T10:53:48","modified_gmt":"2022-10-17T20:53:48","slug":"8-5-mortgage-rate-possibly-coming-according-to-the-national-association-of-realtors","status":"publish","type":"post","link":"https:\/\/oahure.com\/oahu-real-estate\/8-5-mortgage-rate-possibly-coming-according-to-the-national-association-of-realtors\/","title":{"rendered":"8.5% Mortgage Rate Possibly Coming According to the National Association of Realtors"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/oahure.com\/oahu-real-estate\/wp-content\/uploads\/2022\/10\/Facebook-Post-9.png\" alt=\"\" class=\"wp-image-513\" width=\"454\" height=\"381\" srcset=\"https:\/\/oahure.com\/oahu-real-estate\/wp-content\/uploads\/2022\/10\/Facebook-Post-9.png 940w, https:\/\/oahure.com\/oahu-real-estate\/wp-content\/uploads\/2022\/10\/Facebook-Post-9-300x251.png 300w, https:\/\/oahure.com\/oahu-real-estate\/wp-content\/uploads\/2022\/10\/Facebook-Post-9-768x644.png 768w\" sizes=\"auto, (max-width: 454px) 100vw, 454px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Mortgage rates could climb another 1.5 percentage points, according to a leading economist.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">National Association of Realtors chief economist Lawrence Yun predicted that interest rates could be on their way to 8.5 percent if they pass a threshold of 7 percent,&nbsp;<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-10-13\/us-mortgage-rates-may-push-toward-8-5-if-they-breach-7-barrier\" target=\"_blank\" rel=\"noreferrer noopener\">according to Bloomberg<\/a>. Yun based his forecast on key levels of resistance borrowing costs will face after a key inflation indicator hit a 40-year high.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">After creeping toward 6 percent in recent months, the average rate for a 30-year fixed mortgage this week was just over 6.9 percent \u2014\u00a0a 20-year high\u00a0\u2014 when Yun presented his findings at the National Association of Real Estate Investors in Atlanta.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cToday\u2019s inflation rate report is going to test that 7 percent level,\u201d Yun said in the presentation. \u201cOnce it\u2019s broken, the next level of resistance is 8.5 percent, which would be another big shock to the housing market.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mortgage rates could climb another 1.5 percentage points, according to a leading economist. National Association of Realtors chief economist Lawrence Yun predicted that interest rates could be on their way to 8.5 percent if they pass a threshold of 7 percent,&nbsp;according to Bloomberg. Yun based his forecast on key levels of resistance borrowing costs will &#8230; <a title=\"8.5% Mortgage Rate Possibly Coming According to the National Association of Realtors\" class=\"read-more\" href=\"https:\/\/oahure.com\/oahu-real-estate\/8-5-mortgage-rate-possibly-coming-according-to-the-national-association-of-realtors\/\" aria-label=\"Read more about 8.5% Mortgage Rate Possibly Coming According to the National Association of Realtors\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[],"class_list":["post-512","post","type-post","status-publish","format-standard","hentry","category-buying-a-home"],"_links":{"self":[{"href":"https:\/\/oahure.com\/oahu-real-estate\/wp-json\/wp\/v2\/posts\/512","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/oahure.com\/oahu-real-estate\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/oahure.com\/oahu-real-estate\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/oahure.com\/oahu-real-estate\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/oahure.com\/oahu-real-estate\/wp-json\/wp\/v2\/comments?post=512"}],"version-history":[{"count":2,"href":"https:\/\/oahure.com\/oahu-real-estate\/wp-json\/wp\/v2\/posts\/512\/revisions"}],"predecessor-version":[{"id":516,"href":"https:\/\/oahure.com\/oahu-real-estate\/wp-json\/wp\/v2\/posts\/512\/revisions\/516"}],"wp:attachment":[{"href":"https:\/\/oahure.com\/oahu-real-estate\/wp-json\/wp\/v2\/media?parent=512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/oahure.com\/oahu-real-estate\/wp-json\/wp\/v2\/categories?post=512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/oahure.com\/oahu-real-estate\/wp-json\/wp\/v2\/tags?post=512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}