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stout
Arizona Fan
Smoking Crack with Hunter Biden
Member since Sep 2006
164613 posts

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








Yaboylsu63
LSU Fan
Member since Mar 2014
1438 posts

re: Average interest rate on 30 year mortgage rises to 7.59%, highest since December 2000
I genuinely have no idea how people are buying homes right now.

Realtors have to be shitting a brick.


BayouBengal23
LSU Fan
BR
Member since Mar 2019
523 posts

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


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323
GEAUXT
USA Fan
Member since Nov 2007
28933 posts

re: Average interest rate on 30 year mortgage rises to 7.59%, highest since December 2000
They can pry my 2.6% from my cold, dead hands


stout
Arizona Fan
Smoking Crack with Hunter Biden
Member since Sep 2006
164613 posts

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


WaydownSouth
Atlanta Braves Fan
Stratton Oakmont
Member since Nov 2018
7546 posts

re: Average interest rate on 30 year mortgage rises to 7.59%, highest since December 2000
American dream is dead unless you have rich parents


ob1pimpbobi
Houston Astros Fan
College Station
Member since Jul 2022
2316 posts

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


TDTOM
Member since Jan 2021
12643 posts

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


Pendulum
New Orleans Pelicans Fan
Member since Jan 2009
6925 posts

re: Average interest rate on 30 year mortgage rises to 7.59%, highest since December 2000
Alotta people bout to have to find a plan d you are saying?


UnrealMFer
LSU Fan
Georgia
Member since Aug 2023
145 posts

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

I genuinely have no idea how people are buying homes right now.


They aren't. Blackrock is.


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USA
Member since 2001
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Screamin Jay
Yale Fan
Member since Sep 2023
537 posts

re: Average interest rate on 30 year mortgage rises to 7.59%, highest since December 2000
...but God damn it...the weak-minded, liberal shite stains don't have to be offended by mean tweets.


BayouBlitz
LSU Fan
Member since Aug 2007
14936 posts

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


Hateradedrink
LSU Fan
Member since May 2023
746 posts

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


WaydownSouth
Atlanta Braves Fan
Stratton Oakmont
Member since Nov 2018
7546 posts

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


stout
Arizona Fan
Smoking Crack with Hunter Biden
Member since Sep 2006
164613 posts

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


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230
PrecedentedTimes
LSU Fan
Member since Dec 2020
2629 posts

re: Average interest rate on 30 year mortgage rises to 7.59%, highest since December 2000
Blackrock (your employer) right now:





stout
Arizona Fan
Smoking Crack with Hunter Biden
Member since Sep 2006
164613 posts

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


stout
Arizona Fan
Smoking Crack with Hunter Biden
Member since Sep 2006
164613 posts

re: Average interest rate on 30 year mortgage rises to 7.59%, highest since December 2000
I don't work for Blackrock, idiot. Stop spreading lies.


ozktgr
LSU Fan
North Arkansas
Member since Mar 2020
304 posts

re: Average interest rate on 30 year mortgage rises to 7.59%, highest since December 2000
Regional banks and credit unions running out of money to lend / pausing commercial lending is a bigger problem than consumer real estate ~7%


SlowFlowPro
Stanford Fan
Simple Solutions to Complex Probs
Member since Jan 2004
411748 posts

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