US 30-year mortgage rates have hit 7.29%

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The cost of a mortgage payment has risen 57% over the past two years, whereas household income has only grown 9%. This level of affordability is typically not sustainable: https://t.co/SwtLfrB2Mc

— Reef Insights (@ReefInsights) April 24, 2024

See also 2024 mirrors 2021: Hindenburg Omen triggers, followed by two corrections and possible bear market. In Dec 2007, the Fed cut rates despite inflation concerns. History repeats.

See also TD Bank's Mortgage Fraud Uncovered: Intentional Deception to Steal Homes"