Mortgage Rates Climbing: What Homebuyers Need To Know In A Tough Market



With low inventory and record-high prices, waiting longer can have fixed mortgages tick up even higher. However, the average 30-year fixed mortgage rate has now climbed to 5.36 percent, leading to an 11 percent drop in new mortgage applications. Some families are turning to adjustable-rate loans where terms and interest rates typically change anywhere between 5 to 10 years.

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39 comments

  1. Two years in it's already a nightmare for everybody every time I watch the news it's always bad news the day I see good news is a day off freak out

  2. Everybody let's pay mourn for Less πŸ˜† 🀣 πŸ˜‚ sounds like a plan !!!

  3. Well if your home owners right now you get that fast internet connection right I was talking about the other day πŸ˜† 🀣 πŸ˜‚ so it's that a high-speed internet πŸ˜† 🀣 πŸ˜‚

  4. Well you better hope that that back Bill plan better workout that Biden promised everyone here in United States πŸ˜† 🀣 πŸ˜‚ or is it that Bill brokeback plan πŸ˜‰

  5. Houses are way too high people
    Stop buying and the prices will drop

  6. Urgent Alert !!

    Given what we know now, the Supreme Court and DOJ are compromised!

    No person is above the law Garland, do your job!

    since January 6 2021 not one single Republican lawmaker has been held accountable for their insurrection actions. they will win re-election if not arrested and they will cause more chaos. Put an end to the Trumpist Republicans

    The world has greater peril from those who tolerate evil, like the DOJ, than from Trump and his fellow insurrectionist! DOJ Garland is ending democracy by not prosecuting Trumpist.

    Civil Contempt For Trump, But Trump Has Not Been Indicted
    1. the DOJ Garland wants to let Trump go
    2. DOJ Garland is afraid of what might happen to himself
    3. DOJ Garland is afraid to do his job and wants others to pursue Trump in Civil Court

    DOJ Garland
    promised to hold Trump insurrectionists accountable, but he has not done so for the insurrection leaders and he is not cooperating with all other justice departments.
    Garlands plan is to wait out the clock so he can say, oh we just couldn't get to it in time.

    ,.
    ,,,,

  7. Urgent Alert !!

    Given what we know now, the Supreme Court and DOJ are compromised!

    No person is above the law Garland, do your job!

    since January 6 2021 not one single Republican lawmaker has been held accountable for their insurrection actions. they will win re-election if not arrested and they will cause more chaos. Put an end to the Trumpist Republicans

    The world has greater peril from those who tolerate evil, like the DOJ, than from Trump and his fellow insurrectionist! DOJ Garland is ending democracy by not prosecuting Trumpist.

    Civil Contempt For Trump, But Trump Has Not Been Indicted
    1. the DOJ Garland wants to let Trump go
    2. DOJ Garland is afraid of what might happen to himself
    3. DOJ Garland is afraid to do his job and wants others to pursue Trump in Civil Court

    DOJ Garland
    promised to hold Trump insurrectionists accountable, but he has not done so for the insurrection leaders and he is not cooperating with all other justice departments.
    Garlands plan is to wait out the clock so he can say, oh we just couldn't get to it in time.

    ,.
    ..

  8. Men getting in debt to please an unaccomplished woman

  9. Wasn't that "adjustable" rate one of the issues that lead to so many bankruptcies during the 2008 financial meltdown?

  10. Global inflation is brutal, but I can't even imagine how awful the future would be with right wing extremists running this country.

  11. Oil and gas speculators bad, real estate speculators good?.

  12. I locked in at 2.75% in Oct 2021, I knew this was coming

  13. Don't sleep on it… this is a time to invest i recently just bought another property valued at over $10m. I wish I knew the right investment firm to invest with earlier, better late than never thought

  14. Rising interest rates on the back of high inflation

  15. Remember before you buy a house. What goes up must come down. Everyone knows that

  16. Omg average of $1700 mortgage rate? That sounds great! Here in Napa, California you will lucky to find a 1 bedroom for that price! Most decent 1 bedroom range from $2200 – $2800!! With studios around $1700 – $2100! 🀯🀬

  17. Owning the American dream is dead. Renting the American dream is the new American way.

  18. If you don't have ALL CASH then you probably won't be buying in the SF Bay Area.

  19. well , the house they`re touring is a multi million dollar mansion , especially if it`s in the L.A. area . I`m not too worried about them . There are more affordable markets that don`t make the News .

  20. You’ll own nothing and like it

  21. Great time to buy πŸ˜‚

  22. The experts in my country said our house prices would drop up to 40% last year due to Covid and they went up 38%

  23. I can't believe you can fix your interest rate for 30 years

  24. What home buyers need to know in a in a tough market is repubelickins want to raise your taxes so you have some skin in it. Ya. That's their tax plan. Tax cuts for the rich and corporations while raising the taxes on the middle class to low earners. Nice eh? Repubelickins also want to do away with social security and Medicare. This just came out the other day as their actual plan.

  25. ARMs ????? Dont do it folks. Your shooting your self in the foot if you do. Locked in 30 year fix at 2.8% back 2020. I was one of the lucky ones.

  26. You just have to buy a home and step on every ones heads.Its FOMO again Its 2005 all over again. Well it be short sale city again.

  27. The tough market for home buyers seems systematically intentional since 2017, as it hasn't let up since. Sure brings out the hopelessness of a future.

  28. "Since 1984, red states have seen their house values go up from $75,000 to $184,000 while blue states have seen their house values go up from an average of $85,000 to $312,000."

  29. You guys are buying at the top of the market! Just wait a little!!!

  30. Them folks signing up with ARMS are gonna be begging for relief in a few years when their rate skyrockets.

  31. A legenda di SEXTINDER.Uno snowquen hè u mo idolu. Hè a persona chì aspiru à essed, hè a mo luce di ghjornu

  32. Biden delivered on his promises, he ended the Covid pandemic, stopped inflation, lowered gas prices, brought peace to the world and bridged the gap between the left and right!πŸ˜‚ Keep building back betterπŸ‘

  33. This look like 2008 again….

  34. People buying like never before

  35. start lighting home on fire πŸ”₯

  36. i m not paying more for less

  37. And here I am saving every penny waiting to for the "crash".