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Transcripts for CNN Early Start With Christine Romans 20240604 10:49:00

i think we are seeing prices starting to come down where there s ample supply and buyers are sitting on the sidelines. yeah. prices start coming down but mortgage rates are higher than a year ago so the mortgage bankers association has this forecast. 5.4% mortgage rate by the end of next year. you can see if that were to happen, maybe the peak is in how important are mortgage rates? i hope that that s the case, but i do know that the sum of what we don t know is greater than what we do know. right? nobody can macro forecast what will be. but rates are coming down. that s a good thing. they re still historically low. we have to see what happens with inflation. has it peaked? are we going to enter a recession? 23, economists are thinking it might be a mild one. will the war end? all of these things would be great. and then rates may go down further, but it s hard to say right now. i feel like we re in a little bit of a changing market. and i want to be cautiously optimistic. yea

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