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.
<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.