Analyst Who Correctly Called 2022 Rate Moves Sees Further Increases Ahead, Squeezing Homebuyers

• Analyst Bruce Kamich correctly predicted the rise and fall of interest rates in 2022. He now forecasts rates will continue rising based on technical analysis.

• Inflation has retreated from 9% to 3.2% but progress stalled recently. This means rates may stay higher for longer to tame inflation.

• Higher rates plus high home prices have squeezed homebuyers. Home sales and inventory remain low while prices are still increasing.

• Kamich's technical analysis suggests 10-year Treasury yields could hit 5.35%, exceeding last year's peak. This translates to even higher mortgage rates.

• If Kamich's updated forecast proves accurate again, it offers little relief ahead for struggling homebuyers.