Rates for a 30-year fixed-mortgage eclipsed seven percent for the first time in 20 years, according to one industry report. NBC News’ Emilie Ikeda reports on how the high rates are making it increasingly difficult for Americans to buy homes.
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i want home prices to go down like in 2008
In other news: water is wet
Home prices decreasing tho
I locked in to 4.3% 🤭
It is not going get any easier. If inflation is not going down, interest will go up much higher.
Stop bellyaching. 7%+ rates are still historically low. Everyone has been spoiled with rates under 3%. This correction is long overdue and needed.
I'm 44 married with two daughters. As a family we moved around alot, at least 14 different places. Our oldest 18, youngest 12. Poor gurls lol. We would love to buy a house but we're not fortunate.
I make the most money during bad economic times
We are working towards paying off credit card debt to purchase a home next year. I am hoping rates will decrease next year to make it affordable.
the game is simple, price out the working class and make a system that only Benefirst Permanent Capital.
Make it so no one but Hedge Funds and Big Business can afford to buy homes, and keep Generations Renting
Make sure that no one can gain wealth or own anything at all.
Democrats and Republicans are United on this, if they weren.t someone would regulate Big Business.
Its not about Saving, its not about Budgetting, its not about Credit, its about Your Government not wanting You to Own anything, why?
So that way you'll keep working for whatever their buddies will Pay You.
Save your money. Home 🏡 prices will drop another 15 – 18%!
Be Patient! It's just of matter of time ⌚
This looks a lot like 2007
This is news?
Wrong!!! Title should "Sky-High Mortgage Rates Make Home Selling Difficult." Let home flipper suffered.
Wrong!!! Title should "Sky-High Mortgage Rates Make Home Selling Difficult."
So whats Joe going to do about it? How about taxing investors? Do it or I'm voting red.
Keep rates high and crush home prices. Why should you have to spend 30 years paying off a basic necessity.
Property as an investment vehicle is a dumb idea. Basically two competing interests affordable homes and making money.
It’s funny how they never mention being debt-free. Cash is king.
This is the beginning of the end for the debt based economy. Buyers can’t buy, sellers won’t sell, developers can’t afford to build.
Plenty of less expensive homes in Philadelphia, PA . Homes can still be found for less than $250K but you have to deal with the crime, gun violence, and high income taxes.
This why so many are moving I to apartment complexes. I live in a condominium, but I'm fortunate to have to all paid off. Homes aren't appealing anymore with mortgage rates such as these.
Zero debt and only a car payment is not zero debt. Better than most people though
Free to immigrants and refugees. Government provides.
When I hear about houses costing more because people want them it doesnt make sense to me. The house is already built. Its people selling for bigger payouts. These arent luxury homes. Im so over the backwords logic.