Homebuyers are facing the worst conditions this century in regards to affordability. Lance Lambert reports in Fortune:
On Monday, the average 30-year fixed mortgage rate reached 7.48%, marking the highest level since the year 2000. Even prior to this recent surge in mortgage rates, housing affordability, as monitored by the Atlanta Fed, had already deteriorated beyond the levels seen at the housing bubble’s peak in 2006. Once this latest mortgage rate surge is factored in, August 2023 will become the worst month for housing affordability this century.
E.J. Smith - Your Survival Guy
Latest posts by E.J. Smith - Your Survival Guy (see all)
- Your Survival Guy Forgot His Razor - May 10, 2024
- Get Everything You Want with Concierge Service, from Sig Sauer - May 10, 2024
- BRACE FOR IMPACT: Solar Storm Headed Toward Earth - May 10, 2024
- Celebration: Your Survival Guy and Gal in Boston - May 9, 2024
- Which Jimmy Buffett Album Is Your Favorite? - May 9, 2024