Good grief. No relief in sight for borrowers (Homebuyers) .
We are back to 7%.
Same day last year 7.06%
All we need is some widespread layoffs and we will see a rising inventory of houses for sale. Builder unsold inventory is the highest since 2009.
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Edited:Â Apr 09
4/09/2025 Mortgage Rates Skyrocketing
4/09/2025 Mortgage Rates Skyrocketing
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Widespread layoffs coupled with slow growth, and rising inflation would definitely light the fuse to a meltdown. At least right now the job market is holding up with a low layoff rate, however hiring has slowed a little bit.
7% mortgage rates too high not good, when does football season start we need a diversion.