Mortgage rates in January 2025

[Street Hunger]

CNN: "Mortgage rates topped 7% this week, a key psychological threshold, in a sign of the US housing market’s unrelenting affordability challenges. The average rate on a standard, 30-year fixed mortgage was 7.04% in the week ending January 16, according to a survey of lenders released Thursday by Freddie Mac. It’s the fifth consecutive weekly increase and the highest level since May."

[j3lademaster]

Don't worry, it'll go back down to the 3's and 4's.

When?

When the oligarchs decide they've monopolized enough of the single family housing market and want the values to go up even more. Interest goes down, housing prices go up.

[Bill Gates]

Don't worry, it'll go back down to the 3's and 4's.

When?

When the oligarchs decide they've monopolized enough of the single family housing market and want the values to go up even more. Interest goes down, housing prices go up.

Possible housing market collapse in our future.

https://fred.stlouisfed.org/series/MSACSR

Supply is ramping up a lot, and our population growth is slowing. The only reason our population is even growing at all is because of immigration, so if Trump puts a stop to that we will be in population decline. And if the supply keeps rising up, we will eventually hit over-supply and a price collapse.

[j3lademaster]

Possible housing market collapse in our future.

https://fred.stlouisfed.org/series/MSACSR

Supply is ramping up a lot, and our population growth is slowing. The only reason our population is even growing at all is because of immigration, so if Trump puts a stop to that we will be in population decline. And if the supply keeps rising up, we will eventually hit over-supply and a price collapse.
I kiiiinnnnd of agree with you, but I also think this is another underlying reason for pushing rto. When everyone's working from home, they can live in bum**** kentucky while working IT in LA and have no issues with bills whatsoever; after rto people have to live reasonably close to where they work and while you can build more houses, you can't make more land. Well, technically you can, see: Dubai, but you know what I mean.