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U.S. 30-YR FIXED MORTGAGE RATE JUMPS TO 7.08%, HIGHEST IN OVER 20 YEARS


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The U.S. housing market stares down an even bigger economic shock—mortgage rates jumps to 7.08%

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The bad news for mortgage brokers and builders? This housing correction is far from over. In fact, the shock hitting the U.S. housing market continues to grow: On Tuesday, the average 30-year fixed mortgage rate jumps to 7.08%. That's the highest rate since 2002.
 
Crashing GIFs | Tenor
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Should have some nice buying opportunities by next year if they continue in the same pace. 

Recession is definitely coming , i don't see these rates holding up long term , they will be back to low interest rates in few years 

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25 minutes ago, Vaampire said:

Thank you sleepy joe & fowell antunna nenu.

kaadhu thank you trump thatha antunna dems

Dump gaduuu sesinaaa pentaaa idanthaaaa. Documentaries theestharuuu sooduuuu aduuu sesinaaa economy  pentaaa meedhaaa

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1 minute ago, veerigadu said:

Dump gaduuu sesinaaa pentaaa idanthaaaa. Documentaries theestharuuu sooduuuu aduuu sesinaaa economy  pentaaa meedhaaa

veeri ga.... 7% ante na lanti vallaki illu kala lagey migilipotada ee year

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1 minute ago, Sonu_Patel said:

veeri ga.... 7% ante na lanti vallaki illu kala lagey migilipotada ee year

Ee year uuchhha apukoooo. Thakkuva rate ki vasthadhiii next year 

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4 minutes ago, veerigadu said:

Ee year uuchhha apukoooo. Thakkuva rate ki vasthadhiii next year 

Appudu malla bidding wars and last year situation double avuddi..ucchha apukoni korchonollu 3x unnaru compared to last year. 

 

Ee chinna logic etla miss avutunnaro janalu..davuda. ...

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1 minute ago, ForEverJava said:

Appudu malla bidding wars and last year situation double avuddi..ucchha apukoni korchonollu 3x unnaru compared to last year. 

 

Ee chinna logic etla miss avutunnaro janalu..davuda. ...

Thakkuvaaa rate ayyedhiii interest thagginchadammm valla kadhuu. Prices crash valla. Minimum 25% padthayiii depending on area. 

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4 minutes ago, veerigadu said:

Thakkuvaaa rate ayyedhiii interest thagginchadammm valla kadhuu. Prices crash valla. Minimum 25% padthayiii depending on area. 

ba rents kooda algae periginayi 2b/2b in Bay Area 3500 -4000 kaastha manchi locality anduke buying better anipistondi but 20% correction akin with 7% interest untey ee tagging money aka 10ga bettinatte

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