The 30-year fixed mortgage rate just hit 8% for the first time since 2000 as Treasury yields soar

I haven’t seen much in that area on water…I like the creeks and rivers a lot.

 

We moved to Alabama a few months ago, our homeowners insurance is about a tenth of what it was in Florida. When we first got the bill we thought there had been a mistake, the lady on the phone was very nice about it.

 

Biden is Jimmy Carter 2.0 with the lack bowel control...

 

As a real estate appraiser, my business is down 50% since no one is refinancing anymore.

 

I have a vacation home about 10 minutes north of Hiawassee in Hayesville, NC. Absolutely gorgeous area and we go up there for all 4 seasons. Have been going for about 10 years now and still find something different to do every time. The Chatuge is a huge lake that was made 100 years ago after TVA built a dam in the area. All kinds of water sports and fishing during the summer. Not to mention the huge Hiawassee river that snakes through the whole area for rafting and tubing.

Only problem with the area is everything is so spread out. You pretty much have about 5 towns in which you have to travel around to get what you want and there is stuff all between. It's definitely not for everyone.

 

I'm guessing you think mortgages rates were higher under Carter than Reagan.

 

Banks are hardly "making out like criminals". Look at their net interest margins, earnings and accompanying stock prices. Not much good news there.

 

Lol... it took Reagan over 2 years to get the Dem Congress to go along with his economic plan. One president does not have total control over the congress. Once they did agree with Reagan's plan our economy shot up like a rocket ship.

 

The economy "shot up" in 1982 when Paul Volcker who was Chairman of the Fed at the time lowered interest rates following a rollback in some of Reagan's original tax cuts resulting from enactment of the Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA) that reduced the federal budget deficit through a combination of tax increases, spending cuts, and tax reform measures.

 

Biggest issue I have is the roads. But i do enjoy visiting

 

fyi, TERFA was the biggest tax increase in history. also, Reagan's org tax cut of 1981 RAISED the avg tax payer's taxes. myths are powerful

 

Yup… I am a mortgage originator and run my own office. This is the slowest I have been since 2010.

 

You can thank granpa Joe's unchecked federal spending for these problems.
Bidenomics is the worst thing to hit this country since Jimmy Carter.
Only Bidenflation is worse.

 

How are the banks making out like criminals?
For years they gave out loans for ultra low rates, now the rates have come up and the amount banks charge have risen as well. Should the banks loan money for free?

 

I believe current mortgage applications lowest since 1996

 

Banks are making out well with high interest rates. I don’t see how that comment qualifies as suggesting banks loan money for free but you know that.

Large US banks grow their profits due to rise in interest rates

 

We got in at 2.25% on our refi. Best decision ever.

 

yup since 1995. I was only 11 then so I wouldn't know lol.

A few people I have spoken to who did mortgage back then and still do today say its slow but a lot of Florida markets are above the national average which helps us here lol.