Mortgage rates surged to a 23-year high this week, landing another blow on the housing market.
The rate on the average 30-year fixed mortgage increased to 7.31% from 7.19% the week prior, according to Freddie Mac. That’s the highest rate since mid-December 2000, when it averaged 7.42%.
- Yahoo Finance
Results 1 to 7 of 7
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09-29-2023, 12:53 AM #1Local High School Star
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Mortgage rates hit a 23-year high
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09-29-2023, 08:27 AM #2NBA Superstar
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Re: Mortgage rates hit a 23-year high
Was bound to happen, they wanna slow the demand somehow, you cant just cover the planet in houses forever.
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09-29-2023, 09:41 AM #3NBA All-star
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Re: Mortgage rates hit a 23-year high
In-N-Out burger is probably behind this
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09-29-2023, 02:24 PM #4NBA lottery pick
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Re: Mortgage rates hit a 23-year high
I just never understood why people who arent flipping took out variable mortgages a few years ago. I warned them...
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09-29-2023, 05:47 PM #5NBA lottery pick
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Re: Mortgage rates hit a 23-year high
It's ****ed. Luckily I bought a long time ago but I have a buddy who bought a place recently and went from $3000/month to $4000/month.
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09-29-2023, 07:06 PM #6The Renaissance man
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Re: Mortgage rates hit a 23-year high
Variable mortgages are risky in most situations. Even when things are going well, you never know how things will turn out.
Originally Posted by rawimpact
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09-29-2023, 08:46 PM #7Decent playground baller
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Re: Mortgage rates hit a 23-year high
In related news, mortgage delinquency is at a historic low right now.
The people that do own homes are making sure they keep them.
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