Mortgage Rates continue to skyrocket! At this rate homes will drop by 32% or more!

by

Look at the chart. 2.9% in Feb 2022 to over 8% today. Home prices would have to drop 32% just from today’s prices to pay the same as you would have in 2021. This is insane. Forget overvalued, this market is collapsing….

https://fred.stlouisfed.org/series/MORTGAGE30US

Could you even imagine having to sell a house right now. No buyers even qualify, even if they were insane enough to pay these prices…

https://www.cnbc.com/quotes/US10Y

 

h/t Tonight We Ride!

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