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JUST IN: 🇺🇸 US mortgage rates drop for the 6th consecutive week to lowest level since December 2024.
As it becomes clear that @DOGE is working, you will see the long-term Treasury bill yields fall. And all Americans will benefit from lower interest payments on mortgages, small business debt, credit card and other loans.
The housing market is so tough that divorced couples are still living together, per WSJ.
10% of all mortgages locks in the past week were locked in at rates below 6.5%, even as market rates shot past 7.6%. This is entirely due to builders offering rate buydowns. New homes now represent 13% of all home sales nationwide, a level we haven't seen since the early 2000s.
Don’t wish for people to be different, wish that they reveal themselves sooner.
🚨🚨🚨 The average 30-year fixed mortgage rate hits 8.00% for the first time since 2000. Taking into account mortgage rates, incomes, and house prices, October 2023 stands out as the least affordable month for U.S. housing this century. Spread: 308 bps
JUST IN: 🇺🇸 US 30-year fixed mortgage rate rises to 8% for the first time in 23 years.
JUST IN: 🇺🇸 US mortgage rates rise to highest level in over 22 years.
Mortgage rates surge to highest level since 2000 dlvr.it/SwkGL3
Maybe cause no one can afford it ... Rising interest rates are starting to affect people hard 🚨🚨🚨 Recent data from the Mortgage Bankers Association reveals a significant decline in Americans’ interest in the housing market, marking a trend not seen in decades. Mortgage…
JUST IN: Average interest rate on a 30-year mortgage rises to 7.62%, the highest since 2000. Mortgage demand just hit a 28-year low and existing home sales are at their lowest since 2010. Why are rates still rising if the Fed is done hiking? A lot of it has to do with US…
Mortgage rates for jumbo mortgages, those above $726,200, have been rising more than traditional mortgages, at 7.44%:
Mortgage demand is now at its lowest level since 1995 and still falling SHARPLY. To put this in perspective, mortgage demand in 2005 was ~300% above current levels. Since 2021, mortgage demand is down a massive 60%. Meanwhile, existing home sales are down 16% this year, their…
The median home value to income ratio in the US now stands at a record ~4.5x. This is 45% above the historical average of ~3.1x with the median home payment now at a record $2,800/mo. Meanwhile, the median rent price in the US just hit a record $2,050/mo. Renting a house in…
Better’s shares plummet 93% in Nasdaq debut dlvr.it/Sv7NZ9
#mortgage rates hit their highest point since 2000 cnb.cx/3E2Y4QX @mortgagenewsmnd @MBAMortgage
Housing Inventory Alert! There are 496,000 single family homes on the market, the highest all year. (Previous high was Jan 1!) ⬆️ rates = ⬆️ inventory We look at all the signals in this week's @AltosResearch housing market video. 📽️🧵👇 1/6
IF U.S. incomes spiked 69%, we'd return to pre-pandemic housing affordability levels. IF U.S. home prices fell 41%, we'd return to pre-pandemic affordability. IF mortgage rates fell 4.3 percentage points (from 7.26% to 2.96%), we'd return to pre-pandemic affordability.

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