101: What High Mortgage Rates Did to The Housing Market w/Rocket Mortgage President, Tim Birkmeier

On The Market · May 5, 2023 · 35m

High mortgage rates chewed up and spit out homebuyers, loan officers, and the mortgage industry. With a bump of a few percentage points, buyers exited the market quickly, and the number of mortgages got cut in half almost instantly. But what else can you expect from the most significant mortgage rate movement in forty years? Now, nearly a year after mortgage rates took their initial hike, there may be some hope on the horizon that we’re returning to better days for both buyers and sellers.

But who better to ask about mortgages than the President of Rocket Mortgage, Tim Birkmeier? Tim has been…