Why the housing market should brace for double-digit mortgage rates in 2023
Back to the early 1980s with 10%, 15%, 20% mortgage interest rates .... 35% car loans & 49.99% credit cards.
Why the housing market should brace for double-digit mortgage rates in 2023
Even when Federal Reserve Chairman Jerome Powell and his colleagues stopped elevating rates of interest quickly, the 30-year mounted mortgage fee would nonetheless climb to 10%, in accordance with Christopher Whalen, chairman of Whalen International Advisors.
That is as a result o…
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