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Morty Home School

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housing crisis

The upside to higher rates

August 1, 2022 buying, down payment, housing crisis, housing market, mortgage rates, rent or buy, the morty report

July 29, 2022. The new normal. We saw new data from the National Association of Realtors that purchase contracts dropped by 8.6% in June – the lowest since 2011. We also saw the Federal Reserve raise interest rates again in a continued effort to curb inflation.

Your homebuying journey starts here.

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Morty is a licensed mortgage broker. NMLS ID # 1429243. NMLS Consumer Access. All loans originated by Morty are funded by third party lenders. Morty, Inc. is authorized to do business as “Morty” in certain states. Morty is an equal housing lender.

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