2021: 30-Year Mortgage @ 3.1% on a $250k Home Cost $1,014 Per Month. 2022: Rate @ 6.33% on a $250k Home Costs $1,475/Month, an Increase of 45%

Just so you know where we stand. 

Last year at this time, the average 30-year mortgage rate was 3.1%. A $250,000 home would cost $1,014 per month, per BI.

Now, the 30 year mortgage rate is 6.33%. A $250,000 home costs $1,475 per month, a 45% increase per month.

— unusual_whales (@unusual_whales) December 14, 2022

And in recent news: 

Hmmm.... You don't say?  https://t.co/u2KELa0suW

— Tom Luongo (Give Deflation a Chance!) (@TFL1728) December 14, 2022