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Average interest rate on 30 year mortgage rises to 7.59%, highest since December 2000
Posted by stout



re: Average interest rate on 30 year mortgage rises to 7.59%, highest since December 2000Posted by Yaboylsu63
on 9/21/23 at 8:12 pm to stout

I genuinely have no idea how people are buying homes right now.
Realtors have to be shitting a brick.
Realtors have to be shitting a brick.
re: Average interest rate on 30 year mortgage rises to 7.59%, highest since December 2000Posted by BayouBengal23
on 9/21/23 at 8:12 pm to stout

I hate it here
re: Average interest rate on 30 year mortgage rises to 7.59%, highest since December 2000Posted by stout
on 9/21/23 at 8:14 pm to Yaboylsu63

quote:
Realtors have to be shitting a brick.
There are currently 1.58 million members of NAR. In 2006 there were 1.4 million. That number dropped to below a million by 2012. The same thing is about to happen.
This post was edited on 9/21 at 8:16 pm
re: Average interest rate on 30 year mortgage rises to 7.59%, highest since December 2000Posted by WaydownSouth
on 9/21/23 at 8:15 pm to stout

American dream is dead unless you have rich parents
re: Average interest rate on 30 year mortgage rises to 7.59%, highest since December 2000Posted by ob1pimpbobi
on 9/21/23 at 8:15 pm to stout

I just watched the Big Short today. DO I need to do what that weird guy did and bet short on the housing market. Cause it sounds like we are right back there.
re: Average interest rate on 30 year mortgage rises to 7.59%, highest since December 2000Posted by UnrealMFer
on 9/21/23 at 8:15 pm to Yaboylsu63

quote:
I genuinely have no idea how people are buying homes right now.
They aren't. Blackrock is.
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re: Average interest rate on 30 year mortgage rises to 7.59%, highest since December 2000Posted by Screamin Jay on 9/21/23 at 8:16 pm to stout
...but God damn it...the weak-minded, liberal shite stains don't have to be offended by mean tweets.
re: Average interest rate on 30 year mortgage rises to 7.59%, highest since December 2000Posted by BayouBlitz
on 9/21/23 at 8:18 pm to Yaboylsu63

Thanks Trump!!
re: Average interest rate on 30 year mortgage rises to 7.59%, highest since December 2000Posted by Hateradedrink
on 9/21/23 at 8:18 pm to ob1pimpbobi

The problem is a bunch of people are paying with cash and those who can’t pay with cash are either renting or paying for overpriced 1300sqft 3/2s.
The price increases are not sustainable but I don’t know how the market crashes when people are still somehow buying. Contract, yes. Crash, dunno.
The price increases are not sustainable but I don’t know how the market crashes when people are still somehow buying. Contract, yes. Crash, dunno.
re: Average interest rate on 30 year mortgage rises to 7.59%, highest since December 2000Posted by WaydownSouth
on 9/21/23 at 8:18 pm to GEAUXT

quote:
They can pry my 2.6% from my cold, dead hands
Same. Gave up looking. Have replaced all appliances except fridge in my house. Put on new roof, put in new counter tops. Had some patio work done. Replaced fence in back.
About to look into adding on. Have come to accept will be in current house forever. To find another mortgage for $1200, I’d have to trade my 2100 sqft house in for a shack that is falling apart
quote:
Alotta people bout to have to find a plan d you are saying?
Yes
Keep in mind that only the very top percentage of agents actually make money and/or make a living doing it as things are now. A lot of agents just have a license and keep it active and others do it part-time. It's about to get more competitive among those who actually try to make a living doing it. Many who came into the business in the past few years will have no idea how to sell during and survive a slower market. The same thing that happened in 2008
re: Average interest rate on 30 year mortgage rises to 7.59%, highest since December 2000Posted by PrecedentedTimes
on 9/21/23 at 8:22 pm to stout

Blackrock (your employer) right now:
re: Average interest rate on 30 year mortgage rises to 7.59%, highest since December 2000Posted by stout
on 9/21/23 at 8:22 pm to WaydownSouth

quote:
Have come to accept will be in current house forever. To find another mortgage for $1200, I’d have to trade my 2100 sqft house in for a shack that is falling apart
Every indication is we might not see any rate reductions until late 2024.
re: Average interest rate on 30 year mortgage rises to 7.59%, highest since December 2000Posted by stout
on 9/21/23 at 8:22 pm to PrecedentedTimes

I don't work for Blackrock, idiot. Stop spreading lies.
re: Average interest rate on 30 year mortgage rises to 7.59%, highest since December 2000Posted by SlowFlowPro
on 9/21/23 at 8:26 pm to Screamin Jay

quote:
but God damn it...the weak-minded, liberal shite stains don't have to be offended by mean tweets.
Yes, the trillions printed by the Trump admin have had no effects on this inflation

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