The popular 30-year fixed-rate mortgage spiked 31 basis points in one week to 7.22%!
The average payment on a $400,000 mortgage is $1,000 more per month than it was 2 years ago.
“The 30-year fixed mortgage rate has now risen 31 basis points in just the past week. For a homebuyer taking out a $400,000 mortgage, the monthly payment of principal and interest rose to $2,720 from $2,637 in just one week.” CNBC reported . Source: Mortgage News Daily
Read: Dr. Peter McCullough On “The Holy Grail Of COVID-19 Vaccine Detoxification” Source: Mortgage News Daily Joe Biden promoted his failed economic agenda dubbed “Bidenomics” this week as mortgage rates spiked. Every American willing to work hard should be able to get a job no matter where they are and keep their roots where they grew up. That’s Bidenomics. — President Biden (@POTUS) July 5, 2023 Bidenomics = High mortgage rates, […]
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