The 30-year fixed-rate mortgage averaged 7.08% in the week ending October 27, up from 6.94% the week before, according to Freddie Mac. A year ago, the 30-year fixed rate stood at 3.14%. The last time the average rate surpassed 7% was in April 2002. Mortgage rates have risen almost every week since late August and have more than doubled since the beginning of the year.
If that happens, it will be the fourth 75-basis-point hike in a row, marking the largest series of Fed rate hikes in more than three decades. Affordability continues to take a hit Higher mortgage rates are making it even harder for prospective buyers to afford a home. Over the past year, mortgage rates have climbed nearly four percentage points and listing prices have increased 13.9%.
What a joke. Overpriced houses that cost 2-3 times more then few years years ago with interest rate over 6% 🤣🤣🤣🤣 Are you serious? Unles you have the cash or are one of the investment companies you are screwed…go away
Wait until next year, people will be bleeding.
BolsonaroReeleito
Falling knife
QUESTION? What happened to the Paul Pelosi story? Seems like the MSM is running away from it now.. Shades of Jussie Smollett?
This your boy?
When are these losers at CNN getting fired. I keep hearing it’s coming. But not soon enough.
CommittoVote A house I sold seven years ago for $235,000 was put up for sale recently for $499,000 and it was sold for $645,000. I loved that house, but there is no way in the world it is worth anything close to that.
How do you spin this CNN?
The economy is strong
German and French leaders say the EU will retaliate against the US if it accepts Biden's 'Inflation Reduction Act,'which they deem'protectionist', constituting unfair competition. To counteract the plan the EU would use similar schemes for businesses that could spark a trade war.
I don’t really care. My mortgage rate was 16.5 when I bought in 1982. And it was a balloon loan. Plus the US has one of the lowest inflation rates compared to other countries! Democracy is at stake!
Need to fix that.
Mortgage rate rises here in the UK too. This is a global economic crisis, however how relevant administrations respond to it to protect the most vulnerable is key.
Sitting comfy at 2.8% baby
This is Putin’s fault Until it goes down, then Brandon will take credit
When I bought my first house in the 80s, I remember telling my dad I got 13% ? (Something around that) and him saying ”not bad” ….
DEMS R DESTROYING AMERICA W/ DEMS' out of control inflation/print more money; high gas prices/climate cult first; border crisis/illegals first; crime wave/criminals first; SKYHIGH INTEREST N MORTGAGE RATES-INSANITY. we will not vote for any democrat.
First Twitter now a red wave!
Biden’s America 🥴
So did y’all hear we are running out of diesel fuel? Brandon needs to go!
we’ll survive Wolf. & rates will come down. Chicken Little News company
This won’t stop the corporations from buying up all available houses driving up prices and mtge rates
one of my friends encouraged me to keep my house and get the lowest interest rate when they had that going on. so glad I listened and kept my little house. now most apt dwellers pay 2x the rent than what I pay in a mortgage!!
Pakistan Army Generals have declared themselves political party
Cable News Ratings Wednesday October 26: Fox News Beats CNN and MSNBC Combined With Younger Viewers
Bull
And, mortgage rates are ordered so by the government, or, maybe just the business decision of the lending side?
When I bought My house interest rates were over 10 percent. Quit Whining. It will go up and drop sooner or later.
😢😠😠
Geee, golly gee, wonder if we will be able to buy food this spring? Wonder if our electricity will be rationed? What’s going on in our government and why the blind eye? Promises 😞 broken
Not going to change in the short term either. Good luck everybody!.
Shame banks are not offering any real percentage on any savings . But they will lend you someone else’s money who there not paying squat in interest , no real incentive to keep any high balance , put that money in short term gov bonds .
Build back better...and a lot more expensive.
I’ll assume creepy Joe will claim to have no knowledge of this not be able to do anything about it.
Now if this isn't bullish I don't know a bull from a cow.
Ireland's Green party member tells people to go into ART Gallery's and throw Beans, maybe it will be paint, or soup.. at famous pictures. To protest. The Government in Ireland is gone and not in the real world. Telling it's people to break the law RESIGN -FOOLS Condemn this
Biden
Im glad I got my house beforw this madness started
Incredible job Joey!!!
Biden has been a disaster
RealEstate Buy Sell NYC House apartment NYCRealEstate NYCRETechWeek NYCREAdvisors NYCRealEstate_1 NYCREBrokers realestatenews NBCNews Telemundo NYCMayor CBSNews FoxNews
Democrats is the worst party ever, they shake the world down everytime they are in power. The media said DT wasn’t good for america 🇺🇸 but it was better than lot of you
Here we go again the democrats is here again to crash the market
But muh GDP
Painful but necessary. I remembered when we bought our first house and our mortgage rate was 13% and later refinance to 11% . To a point, this stills quite a good deal.
Don't worry, it gets worse. Vote better.
Just wait til everyone’s underwater with their mortgages. I guess 2008 wasn’t bad enough for everybody.
Thank you President Biden
I knew I should have sold my house last year! 😊
Wonder if you want to look at the news today on twitter seems full of bots trolls creeps geeks freaks peeping 🤔 😜 😳 😉 😆 😬 🤔 I am not a slave to the max Hosting and hoping it goes down well 😉 😀 🤔 😜 😳 😬 😉 😀
That same headline would have blamed the former guy if he was still in there…… but NOTHING is joes fault right SMH
Elections have consequences FJB
thatkatiegirl why are we such stupid humans and buying houses rn
Still a bargain.
yea