Joe Biden’s America: 30-Year Fixed Mortgage Rates Headed to 8%
Joe Biden’s America.
Bidenomics = High mortgage rates, high inflation rates, collapsed banks, expensive groceries, record high rent, and dwindling retirement accounts.
The popular 30-year fixed mortgage rates are headed to 8%, economists warned.
In early July 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 last month.
