Everyone in real estate is asking the same question: when are mortgage rates going back to 3%?
According to NAR Chief Economist Dr. Lawrence Yun, they’re not.
At least not anytime soon.
In this episode of Real Estate Insiders Unfiltered, James and Keith sit down with Dr. Yun to break down the real forces driving today’s housing market and why expecting ultra-low mortgage rates again may be unrealistic.
Because this isn’t just about inflation.
It’s about national debt levels, government spending, global instability and oil prices, consumer confidence, and long-term economic shifts.
Dr. Yun explains how rising national debt is putting pressure on mortgage rates, limiting how low they can realistically go even if inflation cools.
This conversation dives into:
- Why mortgage rates are unlikely to return to 3%
- How government debt impacts interest rates
- What rising oil prices mean for housing
- The reality behind today’s “K-shaped” economy
- Why consumer confidence is at historic lows
They also break down a critical mindset shift: stop waiting for the market to change.
Start understanding the market you’re in.
Because the agents who win in this environment won’t be the ones hoping for lower rates. They’ll be the ones who know how to navigate higher ones.
Links mentioned during the show:
- Dr. Yun’s content: https://www.nar.realtor/lawrence-yun
- First appearance on REIU: Election Aftermath, Affordability and Market Trends
Connect with our guest, Dr. Lawrence Yun:
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