The Race Is On---Towards 6.0% Mortgages And Housing Bust 2.0

The average interest rate for 30-year fixed-rate mortgages with conforming loan balances ($453,100 or less) and a 20% down-payment rose to 5.17% for the latest reporting week, according to the Mortgage Bankers Association (MBA) today. This is the highest average rate since September 2009....

 

https://wolfstreet.com/2018/11/14/mortgage-rates-reach-6-percent-sooner-fed-sheds-mortgage-backed-securities-whatll-that-do-to-housing-bubble-2/

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