Being a broker for many years. I’ve seen all different markets…up - down and in between.
There is a law that states interest go down/prices go up. Interest rates go up prices/go down.
The unusually LOW interest rates have pumped prices and sales UP. I just read that the Fed will raise interest rates the begging of next year.
What this means for the LSA is: refi’s will be high for the rest of this year in order to beat the interest rate increase .The Fed sees the old bugaboo INFLATION, soo interest rates go UP.
Home prices GO DOWN, because interest rates increase the monthly payment. LESS house for more money!