Mortgage rates could hit 8%, economists say, citing a worrying sign not seen since the Great Recession
TOLJA SO . TOLJA SO…
Obviously this Guy reads Goldtent and Fully’s Fearless Freedictions 🙂
TOLJA SO . TOLJA SO…
Obviously this Guy reads Goldtent and Fully’s Fearless Freedictions 🙂
Eight percent mortgages will destroy many of the homeowners who think themselves rich because of earlier mistaken interest policies. Economies are certainly not strong, they are beginning to crater. Continuing to raise rates is crazy! They will be falling far and fast soon enough.
ugh, I hope not. My fixed 5 year term comes up in April. Currently 3%. Really hoping for a major market crash that gets bonds some bids, and CBs lowering rates between now and then!
Luckily even if it doesn’t, I can handle that jump since I was very conservative on my house purchase. Would much prefer to get back into a 5 year fixed term a couple percentage points lower though!!