The average rate on a 30-year fixed mortgage climbed to 6.02% this week, up from 5.89% last week and 2.
86% a year ago, according to a survey of lenders released Thursday by mortgage giant Freddie Mac . The last time rates were this high was in the heart of the financial crisis in 2008, when the U.S. was deep in recession.
LOCK UP THE CRIMINALS
Putin?
Inflation will get soft initially driven by Housing & OIL. Next phase will be hard to move, depending how consumer behaves. Biden's band aid solutions only help sustain it. Fed tweaking w/o touching Reserves.
We bought a house during the Reagen years and our mortgage rate was over 13%. No one batted an eye.
Which financial crisis?
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