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Surging Mortgage Rates
Our government is run by complete idiots. The Federal Reserve Board Chief needs to get replaced by someone who is competent and knowledgeable about the housing industry and mortgage markets. What is going on? 30 year treasuries are over 4.8% and surging. Mortgage Rates are North of 8.00% plus points. FHA rates on 540 FICO borrowers are 8.125% plus 3 5% points. The federal government is trying to crush the housing market. FED Chairman need to stop increasing rates and start stabilizing mortgage rates by buying MBS and stop trying to destroy the United States and crushing the real estate market. Here’s a snapshot of the 30 year treasuries
- This discussion was modified 7 months, 2 weeks ago by Gustan. Reason: Forgot snapshot,
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