5% Today.. going higher... this should really help home sales ( insert the green font )
Heard this too, gotta love the BS from the DEMOCRATs and their sycophants in media as to why: Going to help counter inflation their messiah Joe Biden caused.
Never buy a 30 year variable home loan! If you did your toast!
Interesting that savings and checking account rates don't follow the 10 year note like they use to, but mortgage rates??!!??!! The Federal Reserve shouldn't be allowed to exist!! They along with their political allies have ruined this country!!!
not stopping people yet they are buying
Home sales are down 41% this yr.
Friends adult son and wife have been looking for a home for the last few months. They have put bids in on several but keep losing out. The last one, they bid over the asking price and were beat out by someone else by $40,000. Overall sales may be down but there is still quite a demand for nice, ready to move in houses. My suggestion was to buy a fixer upper and use the savings to make the house the way they want it. Bob
According to Realtor.com, my home (which is not on the market) has been assessed nearly 20K less than it was a week ago. This tells me that when interest rates increase, home prices decrease.
It isn't over yet..The Fed will raise the rates again and again and more this yr. Just remember by late fall.. winter the country will be in a huge mess with high rates... inflation and either a recession by spring or a depression. All that free covid money and unemployment money is coming home to roost.
I don't know about such things, but I would think that when prices are high is not the time to be buying a house.
For the first time home buyers it is a nightmare trying to find an affordable home. Then throw in the corporations and stock market investment companies and they are scooping up a lot of regular homes for investments for their stockholders. Jacking up the prices and getting banks to approve the loans.
You will rent and own nothing and be happy under The Socialist Democratic paradise, Embrace the great reset and accept that you must live with much less now and have a social score test for acceptance in The NWO with programed crypto currency under what jurisdiction you reside in.
Equity for all with The NWO citizens with no discrimination or hate from cradle to grave.Your government will be your guide and advisor in any and all functions that affect the rule of law and enforcement of peace & prosperity in our great new utopia of Science and technology with Artificial intelligence being the sole singularity of all things for change and compliance.
Yep, one big Ponzi scheme.