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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 9:01 pm to
Posted by Drop4Loss
Birds Eye Of Deaf Valley
Member since Oct 2007
3885 posts
Posted on 9/21/23 at 9:01 pm to
As per the BR MLS
There are currently 658 houses pending to close
Ie under contract to purchase
Thats a long way from a dead market

Of these pendings, avg price is $340,000 so many of these are first timers, getting a mortgage. So yea sales are happnin

FYI
The highest pending is one for $7.9 mill on
Moss Side lane
Posted by The Pirate King
Pangu
Member since May 2014
57983 posts
Posted on 9/21/23 at 10:29 pm to
quote:

Of these pendings, avg price is $340,000 so many of these are first timers, getting a mortgage


Who the hell is paying $340,000 for a starter home in Baton Rouge?
This post was edited on 9/21/23 at 10:30 pm
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