Jimi77
Premium Member
CarAudio.com VIP
LOL These are not normal rates!!!
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I was in mortgages for years, these are indeed "normal" rates. When the Fed Funds rate is at ~3-4% that a healthy place for it be. When rates are super low like they've been since 2008, the Fed lacks a critical weapon in fighting recessions. Additionally, the low rates fuels real estate speculation and bubbles and you have what we've seen in the past ~5 years with housing doubling or more and becoming unaffordable for most Americans.
Mortgage Rates
Mortgage rates continue to linger above seven percent as the Federal Reserve paused their interest rate hikes. Given these high rates, housing demand is cooling off and now homebuilders are feeling the effect. Builder sentiment declined for the first time in several months and construction...
