Part 6/8:
He expresses skepticism regarding the mortgage demand metric, asserting that it often fails to capture the full narrative of the market. Furthermore, the ongoing conversation about interest rates is significant, as many individuals are waiting for rates to decrease before making any housing decisions. Rachelle, however, is cautious about any anticipated drops in rates, reinforcing that we are currently in a higher rate environment as influenced by recent adjustments from Federal Reserve Chair Jerome Powell.