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BREAKING: Average interest rate on a 30 year mortgage rises to 7.83%, its highest since October 2000.
We are on track to see 8%+ mortgages by next week as treasury yields break above 2008 highs.
Meanwhile, home prices just rose to a new record high as supply remains near…
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The Kobeissi Letter
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BREAKING: Average interest rate on a 30 year mortgage rises to 7.83%, its highest since October 2000.
We are on track to see 8%+ mortgages by next week as treasury yields break above 2008 highs.
Meanwhile, home prices just rose to a new record high as supply remains near historic lows.
Rapidly rising interest rates with record high prices for new homebuyers.
All as inflation is hurting consumer spending and household debt hits a record $17.1 trillion.
What could possibly go wrong?
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