re: The average interest rate on a 30-year mortgage rises to 7.62%, the highest since 2000

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Yet prices still arent dropping Realtors are assholes

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On my in-office days I pass a handful of houses that have been on the market for a bit. Nice area, most houses are sitting on larger lots. Of the four, three were pulled off and then put back on at a lower price. I think we’re finally hitting the bubble where the cost of the house will have to come down to accommodate the interest rates.

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Implying you limit your Debbie downer updates to once a week?

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I post the news I see. Don't hate on me if it is not all Sunshine and rainbows out there.

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Hate to say it - a lot of them voted for this shite

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No, a lot of them didn't vote at all

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I'm glad we bought when it was 2.7%. We ain't moving.

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Wife was toying with the idea of wanting a bigger house a few months ago. She started looking around at the price point where we'd be comfortable based on the projected monthly note at our current interest rates (3.25%). She found one she liked, I said that's cute this is how much we "can afford" if we only want to spend XXXX a month with today's current interest rates. She closed her laptop

Default rate on credit card loans from small lenders is now higher than:

Dot Com bubble
Financial Crisis
C-19




This is how it usually starts. People stop paying on unsecured debt first, then they miss a car payment or two, then they stop paying the mortgage when they realize they need at least one car to keep a job and they can still live in the house for about a year before they are evicted due to foreclosure.

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I post the news I see. Don't hate on me if it is not all Sunshine and rainbows out there.

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I'm just giving you shite because you said "weekly". The news/rates are the reality that is out there, and I actually find the information you post helpful at understanding what is really happening outside of my personal bubble.

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and I actually find the information you post helpful at understanding what is really happening outside of my personal bubble.

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Wake me when we hit the Carter Era double digits.

I remember hearing 19% mortgage rates on the Nightly News when Dan Rather was young. (pessimists were forecasting 21%).

I wonder what the rates were in the 40's-50's under the Gold Standard without fiat currency, might look it up one day.

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Listen, I paid 12% on my $25,000 home 50 years ago. You just need to work hard and shut up.

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Here is a stat you might find interesting.

Per Black Knight: It would take some combination of up to a 28% decline in home prices, a more than 4% reduction in 30-year mortgage rates, or up to a 60% growth in median household incomes to bring home affordability back to its 25-year average.

Black Knight and CoreLogic are the two largest data sources on the housing market FYI

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Dafuq is a zombie house?

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Vacant, non-maintained home, with owners who are behind on payments but not yet foreclosed.