Demand isn’t as reduced as you might think - mortgage rates are trending a couple points under fed rates (I’m not exactly sure how but as someone who just purch

Demand isn’t as reduced as you might think - mortgage rates are trending a couple points under fed rates (I’m not exactly sure how but as someone who just purchased a house I can tell you that’s what I’m seeing). The house we bought we bid on it’s first day on the market - it had 4 other offers and ours only won because we went well over the asking price. This is just a Midwest city suburb too, so it’s not a market like SF or anything like that.