David Hall, President and CEO of Hall Financial and a leading mortgage expert, sat with Roop Raj from Fox 2 to answer questions about the current mortgage market.
The Federal Reserve Bank met on March 16, 2022, and Hall offered his expertise on what this may mean for the market and consumers. In this clip, Hall and Raj discuss the biggest misconceptions when it comes to entering and looking for a home purchase in the current housing climate.
Hall discusses the difficulty in predicting the market. Rates are more likely to go up than down, but anything can happen. The best advice he can give when it comes to purchasing a home is to do what makes sense for you. Homeowners have flexibility when deciding how much to put down on their home and how that down payment can support their long-term financial goals.