The FED is NOT Backing Down - Seller Concessions & Mortgage Rate Buy Downs Up - Housing Bubble 2.0

There is some chatter out there regarding the likely hood that the Federal Reserve will reduce interest rates in 2023. At this point I think The FED has made themselves clear that they do not intend or foresee any rate reduction in 2023. In fact they state just the opposite: rates could rise a few more times this year. All 19 Executives of the Federal Reserve stated that they do not see rate reductions happening in 2023. Whoever is promoting the rate reduction concept is simply talking up their own wishful thinking narrative. Additionally, we see more Sellers offering concessions to Buyers in order to secure the deal. Some of these concessions involve Mortgage Rate Buy Downs, which are gaining in popularity. A couple of years ago it was the buyers who were conceding, waiving inspections and engaging in bidding wars. Funny how things change.