36 ms·

What's insane about it? 8% is a pretty normal rate, historically speaking. The average rate for a 30 year fixed mortgage since 1971 is 7.76% https://fred.stlo

by danhak 4y ago

What's insane about it? 8% is a pretty normal rate, historically speaking. The average rate for a 30 year fixed mortgage since 1971 is 7.76% https://fred.stlouisfed.org/series/MORTGAGE30US https://fred.stlouisfed.org/series/MORTGAGE30US

tmnvix 4y ago
Insane considering current prices. Which is really to say that current prices are insane. They won't stay that way if interest rates don't go down again soon.
- danhak 4y ago
  Yup. Prices will lag rates, and the market is already seeing significant softening