airplanemechanic
Diamond Member
- Nov 8, 2014
- 18,046
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The current housing bubble is now officially worse than even in 2006. Biden has managed to make mortgage rates go from under 3 percent to 7 and a half percent, making buying a new home more expensive now than since any of us have been alive.
Lets go Brandon!!!! Way to go, Joe!!
Housing market affordability is worse now than at the height of the housing bubble in 2006
Housing affordability, as monitored by the Atlanta Fed, has already deteriorated beyond the levels seen at the housing bubble's peak in 2006.
fortune.com
On Monday, the average 30-year fixed mortgage rate reached 7.48%, marking the highest level since the year 2000. Even prior to this recent surge in mortgage rates, housing affordability, as monitored by the Atlanta Fed, had already deteriorated beyond the levels seen at the housing bubble’s peak in 2006. Once this latest mortgage rate surge is factored in, August 2023 will become the worst month for housing affordability this century.
Lets go Brandon!!!! Way to go, Joe!!