Economists have long said that renting and investing in the stock market is a better investment than owning a house, and in 2022 that could be especially true. WSJ’s Dion Rabouin explains. Photo illustration: Elizabeth SmelovMortgage rates topped 6% this week, their highest level since 2008, giving a jolt to home buyers who last year were paying less than half that.
The average rate on a 30-year fixed mortgage climbed to 6.02% this week, up from 5.89% last week and 2.86% a year ago, according to a survey of lenders released Thursday by mortgage giant Freddie Mac . The last time rates were this high was in the heart of the financial crisis almost 14 years ago, when the U.S.
BenEisen hopefully knocking down housing prices
BenEisen I would sell the house and buy Bitcoin
BenEisen In 1981 they were 14%.
BenEisen We had before very big smart brains, then the computer brains, now ass brains.
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Mortgage rates top 6% for the first time since 2008 | CNN BusinessMortgage rates jumped again, surpassing the 6% mark and reaching the highest level since the fall of 2008. Faster breaking news here NewsWire_US Building Back Broker Thanks Joe!
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US mortgage interest rates top 6% for first time since 2008The average interest rate on the most popular U.S. home loan rose above 6% for the first time since 2008 and is now more than double the level it was one year ago, Mortgage Bankers Association data showed on Wednesday. The interest rate needs to get even higher in order to bring house prices down to affordable levels.
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Mortgage rates top 6% for the first time since 2008Mortgage rates jumped again, surpassing the 6% mark and reaching the highest level since the fall of 2008. The ol’ “Stubbornly High Inflation” line again I see…. Crops up quite often it seems…
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Mortgage rates climb above 6%, first time since 2008The average interest rate for a 30-year fixed mortgage is now about 6% for the first time since the financial crisis, more than double what it was a year ago.
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Mortgage rates rise above 6% for the first time since 2008The average 30-year mortgage rate has climbed to 6.02% — the first time the figure has surpassed 6% since 2008, according to new data from mortgage giant Freddie Mac. Govt should index wages and salaries to industry profits...make wages salaries proportional to growth and inflation a non issue. Salaries dont move with prices and the dislocation means people cant afford expenses. Alrrady a huge profit gap in favor of business I’m old enough to remember when 6% was considered historic lows. Man they came make a crisis out of anything. I also acknowledge that we the people are that greedy Nothing beats a massive government spending program called the 'Inflation Reduction Act' to solve the economic challenges we now face.
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