[lasereye]

This is a weird economy, reminiscent of the Carter years. Inflation is well off of the recent high and the economy is not growing very fast. Yet interest rates keep going higher. Consumers are racking up huge credit card debt, which may be what's keeping the economy out of a recession. Carter managed the trifecta of double digit mortgage rates, double digit inflation and a recession all at the same time. Biden hasn't had a mess like that yet, but he's still got over a year left (or more).

[mylife]

more to come

[Regulator]

Stagflation be comin bak

[KobraKai]

I had to pass two job opportunities because of this, since it would have required us to move away. Houses are way over-priced right now, plus %7 interest rate? Yeah, forget it, the wage increase I was going to receive, which was significant for a guy like me, would have been eaten up in mortgage costs and then some. I calculated we would have lost money, so we just stayed here.

[fhayek]

Well, raising interest rates is (one of) the classic ways to battle inflation. Printing money while shutting down production during COVID was bound to be inflationary. I believe that they should:

Undo quantitative easing by having the Fed sell those securities that they bought a decade ago (never gonna happen)
Increase production by cutting taxes on business (never gonna happen).

So we are left with rising interest rates, rising mortgage rates, and the march to a recession.

[BobL]

I need 10% rates to buy my next house...since that will finally bring down prices.

[TomGuy]

According to Kiplinger, 7.74% is the long term average.

The Magic Mortgage Rate Number to Tip the Housing Market

We still have a ways to go just to hit 'average'.

Too many got too used to the cheap money of the last 15 years.

[GOPJ]

Bidenomics - bringing misery to the people of the United States - EXCEPT THE GRIFTERS RUNNING DC - AND LIVING IN SOME OF THE WEALTHIEST ZIP CODES IN THE COUNTRY - THOSE CLUSTERED AROUND WASHINGTON DC. Those folks are doing very well under Biden.

[lightman]

Gonna make Cahtuh look like a mental genius.

[justme4now]

I’m not worried!🥱

You folks with a little help from the government are going to pay off my mortgage!👍