30-year home mortgage rates hit 5% for the 1st time in over a decade

IRVINE, Calif. -- For the first time in more than a decade, 30-year home mortgage loan rates hit 5%.

"If we don't see an end to this inflationary period, we're gonna have it for a while. Inflation is a killer to interest rates. We're going to see higher rates. They're going to go into the fives. They're gonna possibly go as high as six, six-and-a-half, I expect in the sixes," Williamson said. This is a trend Williamson has seen for at least the last year- first-time home buyers eating inventory.

Finally a legit tax write off

The only way to fix it is to implement laws stating if you buy it, you LIVE IN IT. Takes the “investor groups” out of the equation & there would be millions of homes available. Buyers can not compete with cash offers from “investment conglomerates”.

“The monthly cost” increase is more a function of rapidly increasing home prices.

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