The climbing interest rates may be keeping prospective home buyers from moving from places they may not necessarily want to live in. Felix Salmon, chief financial correspondent for Axios, joins CBS News with more.
#news #economy #mortgage
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What does this mean? The rich get even richer and the poor get even poorer. This is Democrat's true wealth distribution plan. This country is disgusting and I'm sick of old people saying 7% is not that high. Paying double for something even with great credit really isnt that bad. 🤣
Poor advise..expect for lower rate to refinance the OVERVALUE current house price.The only make sense is lower price down.
That interest rate is for people with decent credit. Just imagine someone with average credit or needs a co-signer. May be looking at 9.5%.
Making money is an action. Keeping money is a behavior, but "Growing money is wisdom" I heard this from someone ðŸ˜..
Another explosion about to happen..The banks are starting to pile up the debt due to once again bad lending policies..You're going to have massive foreclosures once again…When you have the worst president in American history inflation goes up and interest rates must follow to control inflation..Same issue with cars…Repossessions are way up and interest rates at over 9%…Credit card the same situation..People defaulting because rates are 25%..AMERICANS CANNOT CARRY ALL THIS WEIGHT
Advisor say just get adjustable rate, to save money. And liberal pundits “go, oh ok.â€
Don’t even discuss possible problems with that.
Did he say adjustable mortgage rates are good? What happen 2008 2009 ?
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It means interest rates can't stay at this level and inflation has to go down or disaster.
And Real wages are flat for decades….
"I did that!" – Joe Biden
First