@Theimmigrant84 Yep. But I do recall that in the late 1070s, US mortgage rates reached 16% - that's what my partner had to pay.

@Muggs00454738 Prices crashed too

@Theimmigrant84 @RJRCapital Mortgage rates are based on purchases of mortgage backed securities that goes on the market. The fed basically have been the only real buyers for the past 15 years. They have stopped. $1.7 trillion they will let expire. Rates will moon soon

@DreamTrader07 @RJRCapital Agree

@Theimmigrant84 @RJRCapital That won’t even make a dent.. it’s euphoric to buy real estate out there.. things need to go 10%+ mortgage rates and maybe just maybe it’ll cool down but I’m not even sure

@200pipss @RJRCapital Lol

@Theimmigrant84 Mine is still 1.4%. (I don’t live in the US)

@jackyharuhiko EU is not hiking as fast

@Theimmigrant84 It’s almost as if they didn’t have the last 12 months where they could have hiked gradually .25% every other month or so. Nothing like jumping 2% points in 2 weeks to orchestrate a soft landing

@Theimmigrant84 I just refi'ed my house and locked my rate in the very first week of January and I just went to the web site of the Credit Union I used and the rate is exactly the same. So something or someone is wrong. I got a 5/5 arm at 1.99%

@Theimmigrant84 No they are higher now. Look at $MBB on Friday hitting 14 year high it broke 2018 Nov levels which had median rate at 4.87% this week we should see the 5% rate print. On friday it printed that for some brokers.

@Theimmigrant84 USDA will be the next financial crisis!!! start to keep an eye on it!!

@Theimmigrant84 However you are adding interest income to the economy, and it's a net saver of $30+trillion (the public debt).

@Theimmigrant84 What would be interesting to know is what % of mortgage is ARM and when those reset dates are. A lot of the Air-BNB real estate empire crowd is most likely financed this way...

@Theimmigrant84 So how about just building more fing homes?

@Theimmigrant84 Your % increase is wrong and exaggerated.

@Theimmigrant84 When in doubt, zoom out.

@Theimmigrant84 Zero chance that is stopping at 5%...Zero!

@Theimmigrant84 Sad that it most hurts first time home buyers. In parts of California a lot of purchases are all cash.

@Theimmigrant84 When will people stop showing this extremely biased chart? Unless you are like 20 you understand how cheap rates are right now. Zoom out. It’s pretty clear