Click here: to donate by Credit Card
Or here: to donate by PayPal
Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794
Thank you very much and God bless you.
Posted on 06/12/2026 9:28:13 AM PDT by CondoleezzaProtege
The housing market was expected to rebound this year, but the Iran war has changed that trajectory...
In early June, the average 30-year fixed-rate was 6.52%, according to Freddie Mac. Just before the war began, rates fell below 6% for the first time in years...
The rate environment is typically driven by numerous economic and political events, but the war is driving the movement now, Joel Berner, senior economist at Realtor.com, said.
“Over the last couple of months, the rate market has been held hostage by this conflict in Iran,” he said. “When it looks like a ceasefire is in place and going to stay, rates come down. When it seems like something bad happens or conversations break down, rates go up.”
Rates are likely to remain in the mid-6% range as the war continues, Berner said, higher than experts predicted but lower than last year’s numbers — rates were over 6.7% for most of 2025.
“But unfortunately, I think it just kind of presses pause on the major housing rebound.” ...
If you’ve been waiting for the best deal on a home purchase, there are ways to get a rate that is significantly lower than the average conventional mortgage rate. Different loan types and lenders can provide you with a rate that may make it possible for you to afford the home you want before rates drop. Below, CNBC Select explains how.
(Excerpt) Read more at cnbc.com ...
|
|
Click here: to donate by Credit Card Or here: to donate by PayPal Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794 Thank you very much and God bless you. |
At the same type we have reduced rates on savings and CD’s. The fed has filled the void on private lending to the destruction of savers and increased asset inflation.
6% was a good interest rate in the 2000s and is historically low.
Now it is called “high.”
That's interesting - given that CDs in the last few years have gone from less than 1% for a long period of time to consistently over 4%.
If there is any possible way to divide conservatives, Condi is right on it.
Better than any paid Soros troll.
June 2020 to june 2021, avg cd went to .17% apy from .41%!
5year from .6%apy to .31%!
Compared to 2.65% in 2021?
It was vastly improving quickly for the most part except for Beef till Trump started the Iran war.
I’d say the home price. If home prices crash 20-30%, assuming mortgage rates stay where they are, the ratio of median monthly payment (assuming 20% down) to median family income will be ‘historically normal.
Some specialized jobs prospered I work in the IT sector and AI and Trump allowing all these Chinese and Indians in on H1C visas are really hurting Americans. I have a friend who works in IT at Fedex, they laid-off all the American workers and flew Indians in from India to replace them at 1/3 the cost... That is just one company and bet they will get a huge tax write off.
Certainly true.
Your anecdotal experience doesn’t define the economy. For myself, I’m in the top 2 or 3, so I too am well set.
My lifestyle isn’t indicative of the overall financial well-being of the country, nor is yours.
The overall outlook is dark now. It can improve between now and November, but there’s a lot of ground to make up.
6.5% is high?? You must be high, Kelsey. I bought my first home in 1981 at 15%. And that was considered a good rate. Some people were paying 18%.
What year was that? I just wanted to compare median home prices to median income between that period and today.
No, compared to reality.
7.67% is the average since 1971
I wish all parents were this wise!
Good job!
Right, but it’s up from where it was in January 2021. I think that’s what the complaints are about.
I agree with you, I have lived in the high income bubble for a long time and retired in the high income bubble. But I blame all that on me having a Plan, sticking to it and a lot of hard work while not making to many stupid mistakes.
If prices crash that much, homeowners will probably get help from the government.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.