US mortgage rates jumped this week, climbing closer to 7%. The move follows last week’s rate hike from the Federal Reserve, and the downgrade this week by Fitch Ratings agency of US sovereign debt, and of Freddie Mac and Fannie Mae.
US mortgage rates jumped this week, climbing closer to 7%. The move follows last week’s rate hike from the Federal Reserve, and the downgrade this week by Fitch Ratings agency of US sovereign debt, and of Freddie Mac and Fannie Mae.
I don’t know what to say. You sound screwed but could have been screwed much worse. Sorry or congrats?
My landlord inherited the property and he is a lazy asshole. Every few years I change the dates on my lease and have him sign it. No plans to ever move. The lowest priced home that isn’t condemned in my city stands at half a million. A friend of mine was out bid on a home in the nearby city by 100k and in cash.
I think the bottom line is that almost everyone is screwed the way things are going. I’m screwed a lot less than other people since I got in at a (comparatively, now) low purchase price and great interest rate. My home insurance company has surprisingly not increased it’s rates for the last two years as well, so that’s a silver lining I suppose.