Yikes

Written by Michael E Dehn

Founder and CEO of Metro Pulse a continually running enterprise since May 1980.

September 22, 2023

BREAKING: Average interest rate on a 30-year mortgage rises to 7.75%, the highest since November 2000.

This officially more than a whole percentage point above the 2008 highs.

Mortgage rates are now up 500 basis points in just over 3 years.

The payment on a $500,000 mortgage… pic.twitter.com/O8K2dIE1ST
— The Kobeissi Letter (@KobeissiLetter) September 22, 2023