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A comment on Americans don't believe middle class can afford homes. Parent comment

Re:Americans don't believe middle class can afford homes by ta1243 on Tuesday January 23, 2024 @12:34PM (#39106597)
Aren't rates in the US lower now than they were at the top of the 2008 bubble? Certainly are in the UK
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Re:Americans don't believe middle class can afford homes by WarOnPrivacy on Tuesday January 23, 2024 @07:43PM (#39112133)
> Aren't rates in the US lower now than they were at the top of the 2008 bubble?

No. Fed is currently at 8.5%. Highest bubble rate was 8.25% in Q4 2007. In 2008 rates started at 7.76% and ended at 5%.

ref: https://www.ferc.gov/interest-calculation-rates-and-methodol...

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