High Interest Rates Turn Dream Homes into Pipe Dreams
Key Points
- Mortgage rates hit 6.92%, leading to a 5.1% drop in mortgage...
Buying a house in 2025 feels about as affordable as purchasing a small private island made of solid gold. With mortgage rates skyrocketing to 6.92% last week - the highest since February - even your trusty piggy bank is sweating bullets.
Rates So High They Need Oxygen Masks
The Mortgage Bankers Association (MBA) reports a 5.1% nosedive in mortgage applications, as rates continue their relentless climb. The economy's showing some concerning symptoms, with ballooning deficits and investors clutching their pearls over inflation fears.
Down Payment or Down Spirits?
Remember when you could bu...
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