The average rate on a 30-year fixed mortgage climbed to 6.7%, according to a survey of lenders released Thursday by Freddie Mac . lt was the highest rate since July 2007. A year ago, rates were 3.01%.
Dear God, please save us from the two P's - Powell and Putin. One wants to destroy the economy; the other wants to annihilate the world! 🙏
If you voted for JoeBiden then please do not complain, this is what you voted for.
It will be interesting to see if this continues to put pressure on actual home PRICES - or just the volume of sales. Some sellers are on strike and refusing to sell if bids don't come in hot. So we could still see a lack of supply (which will help keep a floor under prices).
“It’s a gully”
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