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Mortgage Rates in the U.S. Soar to the Highest Since March 2020 (3.45% Nominal Rate, -3.59% REAL Rate)
Confounded Interest ^
| 01/13/2022
| Anthony B. Sanders
Posted on 01/13/2022 7:55:44 AM PST by Browns Ultra Fan
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Hillary is now considering a run ... again ... so it CAN get worse!!
To: Browns Ultra Fan
how are bill and her still alive? along with Biden and Pelosi
all these walking corpses should be dead.
To: Browns Ultra Fan
Just as the price of REAL gold and silver are different than the “paper” price, The REAL interest rates paid for loans are different than what is reported as “interest rates”.
3
posted on
01/13/2022 8:04:34 AM PST
by
cuban leaf
(My prediction: Harris is Spiro Agnew. We'll soon see who becomes Gerald Ford, and our next prez.)
To: TexasFreeper2009
“all these walking corpses should be dead.”
It would be good for America if they were.
4
posted on
01/13/2022 8:06:20 AM PST
by
brownsfan
(It's going to take real, serious, hard times to wake the American public.)
To: Browns Ultra Fan
Oh wait. Mortgages rates were 9.5% in the 80s. I guess we'll survive.
5
posted on
01/13/2022 8:11:44 AM PST
by
Seruzawa
("The Political left is the Garden of Eden of incompetence" - Marx the Smarter (Groucho))
To: TexasFreeper2009
Hey many people here, have been been banned for typing less incendiary words, but I agree with you!
6
posted on
01/13/2022 8:14:02 AM PST
by
rellic
To: Browns Ultra Fan
Anything under 5% is simply free money. 3.5% is still damned cheap.
7
posted on
01/13/2022 8:16:33 AM PST
by
CodeToad
(Arm up! They Have!)
To: Seruzawa
“Oh wait. Mortgages rates were 9.5% in the 80s. I guess we’ll survive”
5-6% was average ten years and we survived just fine.
Instead of buyers buying that $400k mcmansion they will downgrade to the $375k mcmansion without the home theatre and man cave. The horror.
8
posted on
01/13/2022 8:17:56 AM PST
by
setter
To: CodeToad
9
posted on
01/13/2022 8:18:05 AM PST
by
Jonny7797
To: Seruzawa
Oh wait. Mortgages rates were 9.5% in the 80s.
Was just going through my late FIL's paperwork/documents, etc, yesterday.
Discovered he took out a 25 year mortgage in 1988 at 9.2%. Yeow!
10
posted on
01/13/2022 8:19:15 AM PST
by
oh8eleven
(RVN '67-'68)
To: setter
“Instead of buyers buying that $400k mcmansion they will downgrade to the $375k mcmansion without the home theatre and man cave. The horror.”
Exactly, spot on.
11
posted on
01/13/2022 8:23:08 AM PST
by
unclebankster
(Globalism is the last refuge of a scoundrel)
To: Browns Ultra Fan
When will the housing bubble pop again? I don’t know when but I’m absolutely certain that it will occur in an election year.
12
posted on
01/13/2022 8:24:23 AM PST
by
WMarshal
("Those who would give up essential liberty, to purchase a little temporary safety, deserve neither.")
To: Browns Ultra Fan
That’s how you slow inflation, rising interest rates.
13
posted on
01/13/2022 8:40:02 AM PST
by
SaxxonWoods
(If It Aint Woke Don't Fix It.)
To: Seruzawa
“Oh wait. Mortgages rates were 9.5% in the 80s. I guess we’ll survive.”
My first real estate sale in 1984, interest rate was 12.5%.
14
posted on
01/13/2022 8:41:13 AM PST
by
SaxxonWoods
(If It Aint Woke Don't Fix It.)
To: brownsfan
yeah, its just time for the next generation honestly. It’s time for all these 70+ peeps to ride off into the sunset.
To: TexasFreeper2009
“yeah, its just time for the next generation honestly. It’s time for all these 70+ peeps to ride off into the sunset.”
I’m mid 60s. I know what time has done to my memory, my mental sharpness and my energy level. There should be an age limit for public service. I know there are exceptions, but I’d rather lose the few versus having a bunch of demented, corrupt fools running things.
I think age 72 is a good limit, but that is open to debate.
16
posted on
01/13/2022 8:51:04 AM PST
by
brownsfan
(It's going to take real, serious, hard times to wake the American public.)
To: TexasFreeper2009
Yes absolutely. We need gamers running things.
17
posted on
01/13/2022 8:54:16 AM PST
by
Seruzawa
("The Political left is the Garden of Eden of incompetence" - Marx the Smarter (Groucho))
To: Seruzawa
I miss Hydroshock
18
posted on
01/13/2022 9:10:00 AM PST
by
Roccus
(First we beat the Nazis........Then we defeated the Soviets........Now, we are them.)
To: Browns Ultra Fan
Still amazingly low by historical standards. I’m listing my house next month, while there’s still time.
To: Seruzawa; SaxxonWoods; oh8eleven
Ran across this graph at creditdonkey.com. I'm sure various sites will have slightly different average rates, but this matches what I remember from late 1982 when purchasing our current house. 30 year fixed rates were running about 15% or more in our area.
.
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