[fireman15]

Say goodbye to the housing market. Thanks Brandon!

Please note that these are the average rates real people getting are not the sugar-coated numbers that are being used to hide just how bad things are getting.

[Vermont Lt]

Finally, my 4.65% refi in 2010 makes me feel smart again.

[Dilbert San Diego]

Wow, with mortgage rates pushing 7% now, this is going to cause jumps in your monthly payment, and related decline in how much people can afford. And this is at a time when housing costs are at an all time high.

Good luck to anyone in the housing market right now.

[Obadiah]

No doubt about it. The housing market will now collapse.

[VeniVidiVici]

Argh. And we’re putting our house on the market in 6 weeks. Fortunately it’s one of the lower priced ones in the zip code so hopefully it will go quickly.

And the best part is our house in FL, where we’re moving, is already paid for :)

[ConservativeInPA]

There is volatility in the the debt market. Several weeks ago the yield curve was inverted. (short term interest rates higher than long term interest rates) That was the first time since 2006 that occurred. It is normal for longer term debt to be more risky than short term and thusly long term debt has higher interest rates. I wouldn't be surprise if the yield curve is inverted once again. Bottom line, short and long term interest rates are increasing, and will continue to increase. This will have little impact to curbing inflation unless the Fed stops quantitative easing and the government radically cuts spending.

Personally, I waiting for the argument for and against an "austerity program". Government austerity will cure many of our ills.

[aquila48]

“Say goodbye to the housing market. Thanks Brandon!”

And all the other things associated with it. Building supplies, construction jobs, mortgage loan, remodels...

And we could see a repeat of 2008 if a lot of people are in variable interest mortgages.

I can see a serious market crash coming.

[House Atreides]

Rate are high but I think the above quoted rates are too high for TODAY.

https://www.forbes.com/advisor/mortgages/mortgage-rates-04-18-22/

[rb22982]

Not sure where these #s come from. Average 30 year fixed is 5.15% today and 15 year is 4.45% and 5 year ARM is 4.0%.

Mortgage News Daily

[ProtectOurFreedom]

Wow...just over a year ago, we refi’d and got 2.5% from CF Bank. At the time, people on FR were telling me it was a scam, but we actually got that fixed 30 year rate. Thank God.

[JoSixChip]

CD and savings rates are still crap.