Trader Brian Jones on Twitter: "Mortgage rates race toward 7%, hit 15-year high https://t.co/mAuc5G2Yr1 via @YahooFinance" / Twitter

Mortgage rates race toward 7%, hit 15-year high finance.yahoo.com/news/mortgage- via

finance.yahoo.com

Mortgage rates race toward 7%, hit 15-year high

The average rate on the 30-year fixed mortgage jumped to 6.7% from 6.29% last week, according to Freddie Mac, remaining at its highest level since July 2007.

6:33 PM · Sep 29, 2022Twitter Web App

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600k house 20% down 480k Mtg at 7% p&i payment 3,200 a month - future decline same house 500k, 20% down 400k Mtg at 8.5% p&i payment 3,075 a month Recent buyers equity loss coming imo. Can always refi to lower rate can’t always get equity back in short term. Thx for what you do!

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