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Newsletter #004-2023

Issue #4 Published July 21,2023

Will Interest Rates Continue to Rise?

Robert Johnson, a professor of finance at Creighton University’s Heider College of Business, shares some of those sentiments. “By the end of 2023, financial market participants expect that the Fed will have increased the target Fed funds rate by 175 to 200 basis points from current levels,” Johnson says. “That would translate into 30-year and 15-year mortgage rates at roughly 8.50 and 7.70 percent.”

Some experts are more hopeful, though. Rick Sharga, founder, and CEO of real estate consulting firm CJ Patrick Company, expects rates to peak at about 8 percent and 7.25 percent for 30-year and 15-year loans in early 2023, “then gradually come down over the course of the year somewhat, to hang in the range of 6.0 percent and 5.25 percent, respectively,” he says. “This is entirely dependent on the Federal Reserve’s ability to get inflation under control and ease up on its aggressive rate increases.”

What’s new in highland park?

The Highland Park and Eagle Rock area now able to experience Queen St., a new raw bar and seafood grill located on 4701 E. York Boulevard, Los Angeles, CA 90042.