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re: Average mortgage rates now at 7.5%
Posted on 9/29/26 at 5:47 pm to DarthRebel
Posted on 9/29/26 at 5:47 pm to DarthRebel
quote:
home prices need to come down to pre-covid level
I wish …. But not feeling optimistic
Posted on 9/29/26 at 6:06 pm to ronricks
quote:
This is what I posted.
You conviently left out the part where it went over 8%
And this explains why ppl got over 9%
I know you are stupid so you will somehow deny reality
quote:
While the national average for a standard 30-year fixed conventional loan peaked at 7.79% in October 2023 according to Freddie Mac data, that average assumes the borrower pays traditional upfront loan origination costs. [1, 2]
When a borrower chooses a loan with built-in broker compensation (also called a "no-cost" loan or "lender-paid" compensation), the mortgage broker's commission—typically 1.5% to 2.75% of the loan amount—is rolled into the interest rate rather than being paid upfront out of pocket.
Mortgage pricing dictates that adding broker compensation directly elevates the note rate:
The Base Rate: In October and November of 2023, base conventional rates for borrowers with average credit often hovered around 8.0% to 8.25% before fees. [1, 2]
The Premium Add-on: To cover a 2% built-in broker compensation, a lender must increase the base interest rate by roughly 0.50% to 1.00% to generate enough yield premium on the secondary market.
The Result: For borrowers with lower credit scores or those buying multi-unit properties, investment properties, or utilizing built-in broker compensation during the 2023 peak, final interest rates frequently reached 8.75% to 9.25%.
Therefore, while a 9% rate was never the national average for a benchmark conventional loan, thousands of individual borrowers who opted to bake broker fees into their rates did receive quotes and closed loans at or near 9% during the peak inflation-driven rate hikes
Posted on 9/29/26 at 6:44 pm to SDVTiger
quote:
And this explains why ppl got over 9%
I know you are stupid so you will somehow deny reality
Have you looked at those rates right now? Under your hero Trump? But you don’t see people on here posting that Trump has 8% and 9% mortgage rates because only you are that dishonest.
Posted on 9/29/26 at 7:00 pm to DarthRebel
quote:
They dropping pretty good in DFW.
Now do the Austin area. You think those listings that are 900,000k to 1.2 million are going to be 650,000 to 800,000 anytime soon?
Probably not.
Posted on 9/29/26 at 7:04 pm to Paul Allen
quote:
Now do the Austin area
Real Texans do not live in Austin
Posted on 9/29/26 at 7:12 pm to ronricks
Ronsuxdix its at 7.5% and ppl are getting quoted 8% all day even with a 700 fico.
Hopefully you learned yet again that rates were 9% under biden and you are a moron who has no idea what hes talking about
Hopefully you learned yet again that rates were 9% under biden and you are a moron who has no idea what hes talking about
Posted on 9/29/26 at 7:27 pm to SDVTiger
quote:
The Premium Add-on: To cover a 2% built-in broker compensation, a lender must increase the base interest rate by roughly 0.50% to 1.00% to generate enough yield premium on the secondary market.
The Result: For borrowers with lower credit scores or those buying multi-unit properties, investment properties, or utilizing built-in broker compensation during the 2023 peak, final interest rates frequently reached 8.75% to 9.25%.
These rates are not 7.5 right now. They are much higher. You aren’t comparing apples to apples. For Trump you are trying to use conventional rates. For Biden you are trying to use a loan with built-in broker compensation. Again, nobody on here is fooled by your dishonesty or lies. Or your ignorance.
Posted on 9/29/26 at 7:34 pm to ronricks
quote:
These rates are not 7.5 right now. They are much higher. You aren’t comparing apples to apples. For Trump you are trying to use conventional rates. For Biden you are trying to use a loan with built-in broker compensation. Again, nobody on here is fooled by your dishonesty or lies. Or your ignorance.
Holy shite
Posted on 9/29/26 at 8:52 pm to SDVTiger
quote:
Same thing was said under JB when rates hit 8%
That’s a lie and it’s like whack a mole with you Poli tards.
Posted on 9/29/26 at 9:03 pm to Upperdecker
When you see “mortgage rates” that assumes you have a good credit score. A good score doesn’t help you, but a bad score will hurt you.
Posted on 9/29/26 at 9:03 pm to SDVTiger
quote:
Same thing was said under JB when rates hit 8%
It's different today.
The vast majority of people had really low rates. A lot still do.
Foreclosures were low. They are picking up the pace.
Posted on 9/29/26 at 9:38 pm to Paul Allen
quote:
quote: The RE market is tanking hard and fast.
Sales are tanking but look at home prices. They’re still holding up and not coming down much at all.
Posted on 9/30/26 at 1:34 am to danilo
It's crazy right now. Cant imagine having that rate to go along with my yearly increase in Homeowners insurance and property taxes that have skyrocketed in the last 10 years. Getting real tough out there. 
Posted on 9/30/26 at 6:17 am to danilo
I remember 10 & 12 %....not impressed by 7+%
Posted on 9/30/26 at 7:11 am to Billy Blanks
quote:
That’s a lie and it’s like whack a mole with you Poli tards.
What part is a lie? Cause you would have to be ronsuxdix level stupid to deny that reality
quote:
It's different today.
What is different today?
quote:
Foreclosures were low. They are picking up the pace.
Well when you were not allowed to foreclose on anyone it would be low
So anything above zero would be picking up the pace
Posted on 9/30/26 at 8:05 am to Billy Blanks
quote:
Give it another 40-60 days.
Everyone has been waiting for this gigantic market correction for years now and it still hasnt happened with rates skyrocketing.
Home values have gone down a little over the last few years, but it's less than 10% from the highs in 2022. This is going from 3% rates to 7% now recently. We'll see where the Q3 numbers end up, and especially Q4 with more rate hikes but this has been a very slow draw down compared to prices back in 2020.
Median home sale price was $317k back in Q2 2020
It peaked at $442,600 in Q4 2022
Q2 2026 was $410,700; which is like a 7% drop
The issue and has been for a decade+ now is inventory cant keep up, they didnt build enough new housing. Doesnt matter what rates have really done, we're well more than doubled since 2020 and house prices continue to be WAY above 2020 pricing with no signs of any crash.
This post was edited on 9/30/26 at 8:08 am
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