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As the Fed has stopped purchasing MBS and mortgage rates jumped to 7-8%, people are in denial and prices have been stubbornly high. Everyone I speak with seems
by bequanna 4y ago
As the Fed has stopped purchasing MBS and mortgage rates jumped to 7-8%, people are in denial and prices have been stubbornly high.
Everyone I speak with seems to think this is "temporary", however, the current rates are much closer to reality and may be here for longer.
- nradov 4y agoMortgage rates are still under 7%. https://www.fund.com/top/mortgage-purchase/rates/mob/ https://www.fund.com/top/mortgage-purchase/rates/mob/
- mschuster91 4y ago> Everyone I speak with seems to think this is "temporary", however, the current rates are much closer to reality and may be here for longer. IMO, it depends on how the war in Ukraine proceeds and if there will be signals of relaxing from China... in the end, interest rates represent systemic as well as individual risk and uncertainty, and the Russian invasion as well as the threat of a Chinese invasion into Taiwan (and a subsequent China-US or worldwide war) are the largest geopolitical risk factor by far.