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US Mortgage rate increases

US Home Mortgage rates climb above 7%…..Ouch!…..

August 17, 2023 By jamesb

Well? The Fed gets what it wants....... The HIGHEST rate in 21 years..... Mortgage rates surged to a 21-year high this week, a jump that will make it even harder for buyers to afford homes in a market hampered by high prices and low inventory. The average 30-year … [Read more...] about US Home Mortgage rates climb above 7%…..Ouch!…..

Filed Under: Government, Politics, the Economy Tagged With: Fed Interest rate increases, Government, Politics, US Economy, US Mortgage rate increases

Mortgage rates climb to 7%+…..

October 27, 2022 By jamesb

The Home morgage market is a gonna for now.... Unless you 'have to' buy or the interest doesn't matter? You sit where you are .... Or? Rent.... Oh? The Fed is expected to raise the base inside rates AGAIN next month.... Mortgage rates topped 7 percent this … [Read more...] about Mortgage rates climb to 7%+…..

Filed Under: Other Things, Politics, the Economy Tagged With: The Fed interest rate hike, US Mortgage rate increases, US Mortgage/House sales

Mortgage rates up to 2008 level….

September 15, 2022 By jamesb

2008/2009 the bottom fell out of the American Economy.... The Federal Reserve IS raising interest rates to combat Inflation.... Their actions haven't stopped consumer high prices despite the gas price's dropping..... But the home ownership market HAS slowed.... The … [Read more...] about Mortgage rates up to 2008 level….

Filed Under: Uncategorized Tagged With: Biden Economy /Inflation/Pandemic, The Fed/Federal Reserve Bank, US Economy, US Mortgage rate increases, US Recession

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