Graham Stephan, relaying another source: Mortgage rates will fall

Said on Nov 6, 2020, at 10:36 in the video.

The window it was checked over

Mortgage ratesWindow checkedRecession (NBER)
2%2.5%3%3.5%4%4.5%5%5.5%201720182019202020212022Said on Nov 6, 2020
2%3%4%5%6%2017201920202022Said on Nov 6, 2020

30-year fixed mortgage rate: Freddie Mac PMMS via FRED, figures as first published. The shaded span is the window the call was checked over; grey bands are recessions.

Result at every window

All windows are shown, so none is picked

Somebody else's forecast — not scored

What was said around it

stimulus to help our economy, and it looks as though at some point another stimulus deal will be reached even if it happens in smaller bills. If that happens, that should hopefully help stabilize our economy until it's ready to safely reopen. And then on top of that, it's crazy we just hit another record. Mortgage rates have hit another all-time low for the 12th time this year. CNN now reports that the average 30-year fixed-rate mortgage is at 2.78%, which is the lowest level ever recorded in 50 years since the survey started. Apparently, rates might even continue to drop even lower, which is fueling the housing market to continue to rise even higher and higher. But yeah, I'll save that one for another video. So there you go, there's the update so far. I really hope you enjoyed it, and regardless of how this plays out, just stick with the normal plan as usual. You're going to come out of this okay as long as you just smash the like button for the YouTube algorithm. So with that said you guys, thank you so much for watching. I really appreciate it. As always, make sure to destroy the like button, subscribe button, and notification bell. Also, feel free to add me on Instagram. I post pretty

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