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.
— unusual_whales (@unusual_whales) December 14, 2022
Now, the 30 year mortgage rate is 6.33%. A $250,000 home costs $1,475 per month, a 45% increase per month.
And in recent news:
Hmmm.... You don't say? https://t.co/u2KELa0suW
— Tom Luongo (Give Deflation a Chance!) (@TFL1728) December 14, 2022