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Housing market sees inflection point as mortgage rates fall 32 basis points

CNBC Television by CNBC Television
September 18, 2022
in Business
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Housing market sees inflection point as mortgage rates fall 32 basis points
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CNBC’s Diana Olick reports on mortgage rate data. For access to live and exclusive video from CNBC subscribe to CNBC PRO:

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Comments 27

  1. pepe lucho says:
    3 years ago

    thank you for not startling us viewers with the news anchor's gigantic hands

  2. Boom says:
    3 years ago

    Crash averted!

  3. R.motorsports says:
    3 years ago

    Wake me up when the boom comes

  4. Ralph Mikovic says:
    3 years ago

    Can you make a video explaining how beginners can make huge profit within a short period of time? I mean i was at a seminar and the host spoke about making well over $880,000 within 4months of investing $150,000 i just need to know how

  5. Ron Lokk says:
    3 years ago

    Oh.. I thought it said infection point. I guess it doesn't make at lot of difference. LOL.

  6. Defending the faith. says:
    3 years ago

    Funny. The lowest rate since April. Rates are still much higher. We got in at 2.75 in February.

  7. Buffalo Bobby says:
    3 years ago

    Oh, wait till Sept when the Fed sells off MBS ‘s in Sept. Rates are in the 5’s. Its not that dramatic

  8. the DOS says:
    3 years ago

    This is not good news. We want interest rates to be higher.

  9. Gail Eickhoff says:
    3 years ago

    I am new to the stock market. Every stock that I bought so far, I was out of luck because I bought them when they were expensive. I feel I missed on all the stock opportunities so far for the tech stocks.I believe having 75K yearly income would be a good investment so I want to plug all my savings into the stock market. I know this sounds a bit dull but I would like to know if I should learn investing or let somebody else (more capable like a FA) do it for me? Please share your thoughts. I am kind of tired of searching for a good stock to buy and loosing all the good opportunities 🙁

  10. Paul Jack Vasilyev says:
    3 years ago

    We are already in the big crash, Inflation is a
    catastrophe. This CPI report is a colossal failure. To
    bring the housing market to a halt, the FED will have
    to pull all the stops. The unfortunate issue is that
    other markets are being decimated.If you want to
    stay green, you have to rely on a lot of
    diversification. Currently up 14% and being careful.
    Still a better deal than leaving it in a savings or
    checking account yielding 0-1 percent interest.

  11. wreckim says:
    3 years ago

    People keep expecting 2008 type collapse; no way. People don't realize just how many totally bogus loans were made in the years leading to that event. This housing market will see a small correction though. -5% or so, then it will go up again and again. Buy a house you can afford, you can't lose in the long run.

  12. Straight drive says:
    3 years ago

    Nice way to frame so that you dont affect people sentiment. Why dont you just call what it is , a complete plummeting of home sales.

  13. T. Brown says:
    3 years ago

    Nope. The rates could come down to zero. I refuse to pay for a house that has doubled in price, not value, over a two year period. No thanks!

  14. YT_CK says:
    3 years ago

    Rates are bound to go up. Housing prices must come down otherwise people simply can’t afford unless you double their pay checks. It’s a simple math, don’t be fooled with a slight uptick.

  15. pramod kumar Kabra says:
    3 years ago

    Should reach 7% as mortgage rates.

  16. Hashmat Zemaryalai says:
    3 years ago

    A 400k house one and half year ago in California is a now selling for anywhere from 875k to 1.2 million a price increase that would have took 20 years let's go Brandon and cnbc reporters have a stupid look on there face like they don't know why the housing market slowed down .

  17. Hashmat Zemaryalai says:
    3 years ago

    The feds are about to U TURN and drop the interest rates so everything inflates double from what it is now. You will rent and pay what ever price the make it but don't worry they will give you another 1400 dollar stimulus but you will never live the American dream. My advice to people barely making it go get even government aid and stop working

  18. Big Paw says:
    3 years ago

    Unfortunately for sellers wanting to cash in it's going to take a significant price reduction to attract buyers now. The pendulum has just started to swing away from being a sellers market. Only going to be harder the longer they wait to reduce their price.

  19. Zorglub Z says:
    3 years ago

    This drop just means that there is still too much liquidity in the market albeit the tightening. It also implies there is still a long way to go before inflation is under control.
    It's a temporary inflection, if inflation persists fixed rates will go up again once the tightening starts dictating the bond market rather than the market sentiment of investors.

  20. Tell Truth says:
    3 years ago

    99% of the houses on the market are at least $100k over the market value. Don't buy a house now.

  21. TheBerlyn186 says:
    3 years ago

    It’s a bluff they trying to convince people to buy… never believe what the news and especially government says. Remember inflation is transitory

  22. Bolo L says:
    3 years ago

    "Inflation is transitory" – dummy JPow

  23. netstarr77 says:
    3 years ago

    Just a bunch of fedsters manipulating our market

  24. Mid-Class VS Sup-Rich says:
    3 years ago

    SPIKE's COMING! SHORT SELLERS WILL LOSE LOTS OF $$!! Not about the MARKET. It's long squeeze, SHORT SQUEEZE against retail investors so rich get richer. TV's CLOWNS promote fear while buying. After a while bad news is a good for smart investors.

  25. 8 Bit Paul says:
    3 years ago

    1:40 "buyers won't qualify" – yep, keep on ignoring the fact that an entire generation is priced out of the housing market for the first time in history, and report on those trees and pretend the forest doesn't exist.

  26. thisguy73 says:
    3 years ago

    Mortgage rates already falling to near 5% – Bernanke err Yellen errr Powell plan is failing. The Market is already pricing in RATE CUTS summer 2023. The bubble will grow. 20% rent hikes, 15% price appreciation for homes. MAGA!!!!!!!!!!!!!!!!!!!!!

  27. marco mac says:
    3 years ago

    i thought the price of the houses and the supply never fluctuate.
    Im fact things can change very fast

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