US mortgage rates hit 5% for first time since early 2011 (opens in new tab)

(bloomberg.com)

7 pointsyblu4y ago4 comments

4 comments

4 comments · 2 top-level

ybluOP4y ago· 2 in thread

Wonder what will happen to house prices. Flatten out or drop soon?

People still moving to lower cost areas, so houses in those areas likely to not change much until inventory improves imo.

Also the rate is still lower than the inflation rate.

10 1/4 percent fixed-rate mortgage in 1988. 5%, while a tidy sum, is nowhere near they've been.

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