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re: Average interest rate on 30 year mortgage rises to 7.59%, highest since December 2000

Posted on 9/21/23 at 8:51 pm to
Posted by Veritas
Raleigh, NC
Member since Feb 2005
6403 posts
Posted on 9/21/23 at 8:51 pm to
I’ve been looking to buy, but I’m not willing to overpay in this market with these rates. I’d love to own and build equity, but it’s hard to justify right now.

At this point with the uncertainty in the market right now and elections coming up in 12 months, I’d rather wait it out. Nothing this current administration does gives me economic confidence.
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