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Podcast: The Tom Toole Sales Group Podcast
Episode: An increase in Rates & Inventory - Tom's Take 315
Description: The Fed increased rates by 25 basis points. And this could be good news for the housing market. 👀
The 30 year fixed rate came down after the Fed increased the federal funds rate into the low 6% range, getting as low as 6.0 and jumping back up into the six and 3/8 range this week. 📊
Just a couple of weeks ago, we were north of seven on mortgage rates. So this is excellent news for buyers and for affordability and for sellers. 👏
We also saw the National Association of Realtors increase their predictions for the number of homes that will sell in 2023 by 14 and a half perc...