In this episode of Taberne Talks, Alex Taberne takes a deep dive into the roller coaster of mortgage rates and what they really mean for the real estate market.
For years, buyers have looked back at those 3% mortgage rates as the golden age of real estate. But was a 3% mortgage actually a sign of a healthier housing market, or did those historically low rates help create some of the problems we’re dealing with today?
Alex breaks down the difference between a 3% mortgage market and a 6% mortgage market, explaining why higher rates don’t necessarily mean a worse real estate market. Could a 6% mortgage rate actually represent a more normal and sustainable housing market?
What is Taberne Talks?
Welcome to Taberne Talk where Alex Teberne a 25 year seasoned vet will be bringing you a new episodes every Wednesday explaining the mortgage process line by line. Our is to provide you with information that may be intimidating to the regular consumer in the mortgage business, but Alex Taberne will be helping you get through it.