News for hackers. Stuff that matters.

A comment on Mortgage Rates Jump Above 6%, Putting Pressure on Housing Market. Parent comment

Re:Mortgage Rates Jump Above 6%, Putting Pressure on Housing... by seer-zig on Thursday September 15, 2022 @12:24PM (#32854359)
When do you expect interest rates to lower?
[ Parent | on HN ]
Re:Mortgage Rates Jump Above 6%, Putting Pressure on Housing... by smileysteve on Thursday September 15, 2022 @02:14PM (#32856153)
That's the question!

<6% mortgage interest rates were only available for a short period of time since the 1970s; from 2010-2019 they were kept low because the federal reserve wasn't seeing the inflation it was looking for. We finally found a decade of inflation.

But 6% mortgage rates may be a best case scenario for the long term.

[ Parent | on HN ]