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Mortgage rates are sitting at a 20 year high right now. It's over 7% right now with a chance of going over 8% if the Fed keeps battling inflation by raising interest rates.
It's nothing compared to the 17% interest rates of the early 80's... but just 2 years ago you could get a 30-year loan for under 3%. Jeff Stout, Fink and McGregor join the show to analyze what this means for home buyers. Dave and Debbie take listener calls to check in on just how long people will wait to buy a home.
See omnystudio.com/listener for privacy information.
By Debbie Dujanovic and Dave Noriega4.1
4040 ratings
Mortgage rates are sitting at a 20 year high right now. It's over 7% right now with a chance of going over 8% if the Fed keeps battling inflation by raising interest rates.
It's nothing compared to the 17% interest rates of the early 80's... but just 2 years ago you could get a 30-year loan for under 3%. Jeff Stout, Fink and McGregor join the show to analyze what this means for home buyers. Dave and Debbie take listener calls to check in on just how long people will wait to buy a home.
See omnystudio.com/listener for privacy information.