US mortgages could hit 8% says Realtor economist

<p>Mortgage interest rate remarks from Lawrence Yun,s chief economist at the National Association of Realtors in the US. </p><p>He outlined a couple of scenarios:</p><ul><li>If the Fed says inflation is contained, then mortgage rates are likely to slide down to about 6% by year-end</li><li>If the Fed continues to be aggressive and raises rates again, then mortgages could hit 8%</li></ul><p>These were contained in a Wall Street Journal article (gated):</p><ul><li><a href="https://www.wsj.com/articles/what-7-mortgage-rates-mean-for-home-buyers-c5e88c1b?page=1" target="_blank" rel="nofollow">What 7% Mortgage Rates Mean for Home Buyers</a></li></ul><p>There is nothing further from Yun at the article, just that snippet. </p><p>On Wednesday we had the minutes of the most recent Federal Open Market Committee (FOMC) meeting. Hikes may not be over:</p><ul><li><a href="https://www.forexlive.com/centralbank/summary-of-fomc-meeting-most-thought-inflation-risks-could-require-additional-rate-hikes-20230816/" target="_self">Summary of FOMC meeting: Most thought inflation risks could require additional rate hikes</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.