Mortgage rates spiked to 4.8% which is the highest jump in the last 11 years now. And in junction mortgage application rates have fell drastically this year so far. So if you're looking to buy a home....well, you might want to think twice. During the Trump administration and even in Clinton's time, home ownership was sky-rocketing. It was far more fruitful back then to buy a home and accumulate equity therein. Let alone buy up some property and collect on it therein. Well, thanks to You-Know-Who all that could be a distant memory. But hey, if you're a blue-pill vitamin-taking liberal it's a great thing, right?
US Mortgage Rates Hit 4.8% in Biggest Spike in 11 Years
The interest rate on the most popular U.S. home loan jumped last week by the most in 11 years as bond market investors rapidly repositioned for the Federal Reserve to take more aggressive action to contain inflation, a survey showed on Wednesday.
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