ST Alpha - "US 30-year mortgage rates have hit 7.29%" (Reading a Post)

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Posts: 158

US 30-year mortgage rates have hit 7.29%

Posted by budice Apr 24 '24, 13:37

Is that good?

Responses:

2.375 baby -- nm - Strongbad Apr 24, 14:19 1
- Same - znufrii Apr 24, 14:25
My initial rate 23 years ago was 7.0%. Not great, but if that's a problem now, there's probably a bigger problem to tackle than mortgage rates. -- nm - Max Apr 24, 14:07 2
- Now compare housing cost/income ratio over that same time period -- nm - znufrii Apr 24, 14:26 1
  - I'm just not a fan of trying to fix one problem by manipulating another. If prices/income is the issue, that should be the headline. -- nm - Max Apr 24, 14:37
As long as you don’t have to move. - znufrii Apr 24, 13:53
waiting for 2% inflation is insane -- nm - hollywood big shot Apr 24, 13:45
(spoilers) - ReluctantCynic Apr 24, 13:44 6
- So are millions of other people and it's one of the issues we're having with this housing shortage. -- nm - Krusty Apr 24, 14:17 5
  - The housing shortage has been around... a long time? Not created by the recent mortgage uptick. -- nm - Strongbad Apr 24, 14:20 4
    - I'm not saying it was created but there are a lot of people that are in homes that should have moved on to either smaller or larger homes and can't. - Krusty Apr 24, 15:02
    - thousands of units are off the market for airbnb and corporate love nests/party sites -- nm - zeitgeist Apr 24, 14:52
    - not helped, either, though. -- nm - Dark Callisto 🦊 Apr 24, 14:22 1
      - Agree. -- nm - Strongbad Apr 24, 14:49

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