How are the nummbers compared to May, in other words month to month?
Its the adjustable rates that are causing the problems. If you didn't pick up a fixed rate when they went down to about .04% you have to be numb. My first house in 1964 had a higher rate. Thank God we don't have another Carter in office because when he was POTUS my 4th house had a 12% Mtg.. Since we are currently here to stay the .04% works great. Adjustable rates work OK if you want to keep a house for a short time or build up your capital to re mortgage it at a fixed rate later. "We Buy Homes" is cleaning up here in FL. People are trying to get out from under and are taking almost 1/3 of value off their property just to get the mortaget off their backs.