The Average Joe is Miffed The benchmark 30yr US mortgage rate hit 8% today. This is the rate for cream of the crop borrowers. God help you if you have bad credit and need to borrow money. While those who locked in rates in 2020 or 2021 are doing OK, nobody wants to borrow new money at these rates. Consequently, the market for home purchases has effectively slammed shut.
How Treasuries Could Return 74.7%
How Treasuries Could Return 74.7%
How Treasuries Could Return 74.7%
The Average Joe is Miffed The benchmark 30yr US mortgage rate hit 8% today. This is the rate for cream of the crop borrowers. God help you if you have bad credit and need to borrow money. While those who locked in rates in 2020 or 2021 are doing OK, nobody wants to borrow new money at these rates. Consequently, the market for home purchases has effectively slammed shut.