The fed just made some majory announcements and mortgage rates responded accordingly. So why are we still seeing a lagging Phoenix Real Estate market? I'm talking all about that in this week's video about the Pathetic Response to Mortgage Rates | Phoenix Real Estate Market.
Chapters: 0:00 - Introduction 0:29 - Recent Fed Pivot 0:52 - Fed Rate Hikes Since March 2022 1:25 - Inflation 1:53 - Fed Funds Rate vs Mortgage Interest Rate 2:30 - Mortgage Rates 3:00 - Buyer Demand Reaction 3:56 - CMI 4:34 CMI By City