Lots to talk about! Fed announced last week it's moving up it's timeline for raising rates due to higher than expected inflation. The news sent mortgage rates higher, by a hair, as two rates hikes are expected in 2023. Jury's out on how this will all play out and if current inflation is permanent or just due to the perfect storm of post pandemic supply chain issues coupled with increased demand. According to Corelogic, U.S. homeowners continue to enjoy solid increased in their home equity as home equity has increased 19.6%, year over year. Also good news is that negative equity, those homeowners that are underwater on their loans, is now only 3.4% of all mortgaged properties, so don't expect a wave of foreclosures or short sales in this environment. Looks like a seller's market for some time to come.