[Browns Ultra Fan]

The Fed leaked today's rate hikes to banks yesterday. So it won't be 75 bps.

[Dilbert San Diego]

Interest rates are rising. We will see if this continues and puts a dent in the housing market.

I’m sure many here remember Carter era interest rates on mortgages well into the double digits. Thankfully we aren’t anywhere near that yet.

[thegagline]

So it won't be 75 bps.

I’m betting on 75 bps.

[The Unknown Republican]

There never really is such thing as a rate lock. The banks can change all of the other qualification rules at any time to make it impossible for people to actually use that locked rate. They can change debt to income ratio requirements or otherwise change the cap on how much they will lend. I know of several banks that banks that did just last Wednesday..the economy has them freaked out.

[Little Ray]

The Fed is crazy NOT to have raised rates before this.

[iontheball]

Jimmy Carter days all over again.

[PMAS]

Larry Fink of Blackrock is licking his lips for the day he becomes the only buyer of single family homes

[KarlInOhio]

Before The Fed Goes Crazy

The Fed has been keeping interest rates artificially low ever since the dot com crash of 2000 to juice the stock market and banks. The Fed is finally going sane but way to late.

[TomGuy]

US 30-year mortgage rates have hit the 6% level .

Sounds ominous, except that a 5%-6% interest/mortgage rate was historically considered 'the norm' going into the Carter years and 8%-10% was 'the norm' until the GWB real estate crisis that shrank interest/mortgage rates to historically low levels.

1920-34 near 6% mortgage average¹
1935-45 just under 4.5% mortgage average¹
1960 - 5.1% mortgage average²
1971 - 7.3% mortgage average¹
1980 - 13.7% mortgage average²
1981 - 16.6% to 18.45% mortgage average²
1990 - 10.1% mortgage average²
2000 - 8.1% mortgage average²
2010 - 4.7% mortgage average²
2020 - 3.1% mortgage average²

sources:

¹Mortgage Rate History: Check Out These Charts from the Early 1900s

²Here's how much home prices have risen since 1950

[Robe]

We moved into a new build last Feb...with a VA 0 down at 2.25%..I think we dodged a bullet.