If you’re looking to buy a new home, BOHICA and grab some of this stuff too:
The 30 year mortgage just hit 5.25% and that’s going to start having a major impact on the housing market, despite the real estate permabulls and the banksters promising not to hurt the prospective home buyer too bad, even if some sand gets mixed in there.
If one has not locked in a low rate now, just remember that at the pace of the bond market sell off, supply chain shortages, and contemptible banksters, odds are one will see a 10% rate long before seeing 3.75% again in the next few years.
The economy is about to get seriously ugly folks. Buckle up.
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Red flag, BS. 30 year fixed is 4.25, not 5.25. Nothing but a panic article.
Have you even read anything from any national housing or finance pages or are you just another bitter realtor losing sales to the direct to investor business model?