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7% Mortgage Rates 30-Year
Posted on 9/23/26 at 8:46 am
Posted on 9/23/26 at 8:46 am
Ouch! That number coupled with median home prices, no bueno. I hope this turns around in early 2027 but who knows.
Posted on 9/23/26 at 8:48 am to Tomatocantender
Not possible. SDVCuck told us Trump would have mortgage rates in the 4's!!!!! You are just a Kamala voter and a panican and a weak trans homosexual cuck! You are also poor!!!
Posted on 9/23/26 at 8:49 am to Tomatocantender
The problem is the median home prices. They need to fall at least 15-25%
Posted on 9/23/26 at 8:51 am to Tomatocantender
Better than the 18% in the early 80s
Low rates in the early 2000s and 2010s were an unusually low in history.
Low rates in the early 2000s and 2010s were an unusually low in history.
Posted on 9/23/26 at 8:52 am to SlowFlowPro
quote:
The problem is the median home prices. They need to fall at least 15-25%
Texas is sitting on a boatload of inventory. 40+% have dropped their price after 3 months sitting.
ETA: For you dirty downvoters who probably are homeless
quote:
Price cuts. Lots of them
In this particular market gyration, he says it’s often the sellers who end up less than satisfied. Part of that is driven by price cuts. That has been happening a lot in Texas. “The share of units undergoing price cuts in April was under 40%. Today that's one in two,” says Jason Lewris of Parcl Labs.
LINK
This post was edited on 9/23/26 at 11:31 am
Posted on 9/23/26 at 8:52 am to SlowFlowPro
No, housing prices need to fall 35-55% at the least.
Posted on 9/23/26 at 8:52 am to lgtiger
quote:
Low rates in the early 2000s and 2010s were an unusually low in history.
The problem is pricing hasn't fallen to create an equilibrium with the rates. Homes are still valued as if they were selling in 2021 and 2022.
We can easily deal with 7% rates if the median home price returns to levels of sanity
Posted on 9/23/26 at 8:53 am to RobertFootball
quote:
No, housing prices need to fall 35-55% at the least.
Posted on 9/23/26 at 8:53 am to Tomatocantender
Any yes, insurance home prices are crazy
Posted on 9/23/26 at 8:56 am to Tomatocantender
I refinanced mine in 2020 and locked it in at 2.7%. One of the best decisions I have ever made. Went from 3.8 to 2.7.
Posted on 9/23/26 at 8:59 am to RobertFootball
quote:
No, housing prices need to fall 35-55% at the least.
People will just buy them for AirBRB or rentals.
Posted on 9/23/26 at 8:59 am to TimeOutdoors
quote:
People will just buy them for AirBRB or rentals.
You may want to do some research about what's going on in that sphere.
Posted on 9/23/26 at 9:01 am to Tomatocantender
quote:
Ouch! That number coupled with median home prices, no bueno. I hope this turns around in early 2027 but who knows.
Yea, he has to fix this. ...like now.
Posted on 9/23/26 at 9:02 am to lgtiger
quote:
Better than the 18% in the early 80s
Imagine using this from 40 years ago as a coping mechanism
Posted on 9/23/26 at 9:02 am to Tomatocantender
I am old enough to remember when people wouldn’t even blink at a rate like this. Even at this rate, a 30 year fixed rate mortgage loan is one of the best financial deals out there. It’s not the rate that makes it, it’s the duration.
Posted on 9/23/26 at 9:03 am to Tomatocantender
I bought my 1st house in February 1982, 1 month after the Jimmy Carter destruction years were over. My mortgage rate was 14.5 % and that was with a 1% Veteran’s discount. $ 882 a month on a $58,000 mortgage. I refinanced after Reganomics got the rate down to 8% which at the time was amazing.
Posted on 9/23/26 at 9:04 am to Tomatocantender
Great time to buy a house
Posted on 9/23/26 at 9:05 am to Tomatocantender
quote:
That number coupled with median home prices
nationally median home prices have fallen and inventory has risen and listed homes are cutting prices.
don't worry kid you still won't be able to afford a home.
Posted on 9/23/26 at 9:09 am to SlowFlowPro
quote:
The problem is the median home prices. They need to fall at least 15-25%
You trying get us back to 2008? 20-25% of all homeowners would be severely underwater in their homes.
Posted on 9/23/26 at 9:10 am to RobertFootball
quote:
No, housing prices need to fall 35-55% at the least.
Yeah, I’m not selling you my house if my value drops 50%.
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