The popular 30-year fixed-rate mortgage spiked 31 basis points in one week to 7.22%!
The average payment on a $400,000 mortgage is $1,000 more per month than it was 2 years ago.
“The 30-year fixed mortgage rate has now risen 31 basis points in just the past week. For a homebuyer taking out a $400,000 mortgage, the monthly payment of principal and interest rose to $2,720 from $2,637 in just one week.” CNBC reported . Source: Mortgage News Daily Read: Dr. Peter McCullough On “The Holy Grail Of COVID-19 Vaccine Detoxification” Source: Mortgage News Daily Joe Biden promoted his failed […]