30-year fixed mortgage rate just hit 8% for the first time since 200019144
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 WGAN ForumFounder & WGAN-TV Podcast Host Atlanta, Georgia |
DanSmigrod private msg quote post Address this user | |
 CNBC (18 October 2023) The 30-year fixed mortgage rate just hit 8% for the first time since 2000 as Treasury yields soar How are mortgage rates affecting your business? Dan |
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 WGANStandard Member Bon Secour, Alabama |
Chemistrydoc private msg quote post Address this user | |
| @dansmigrod Causing a huge drop in new listings of existing homes! My guess is about -30% from a year ago. KF |
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WGAN Forum Founder & WGAN-TV Podcast Host Atlanta, Georgia |
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Quote:Originally Posted by Chemistrydoc Yikes! I wonder if others are seeing that big a drop in real estate listings (photo shoots) in their market. Dan |
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WGAN Forum Founder & WGAN-TV Podcast Host Atlanta, Georgia |
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 Source: Redfin  Source: Redfin The Wall Street Journal (19 October 2023) Home Sales Slide to Lowest Pace Since 2010 as High Rates Squeeze Market | Buyers facing limited supply pushed up September prices BusinessWire (19 October 2023) Redfin Reports 2023 on Pace For Fewest Home Sales Since 2008 As Mortgage Rates Hit 8% |
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WGAN Forum Founder & WGAN-TV Podcast Host Atlanta, Georgia |
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 Illustration by DALL-E (V3) | Prompt: Create a metaphor graphic to illustrate a news story about: The average rate on the popular 30-year fixed mortgage rate hit 8% Wednesday morning, according to Mortgage News Daily. That is the highest level since mid-2000. The milestone came as bond yields soar to levels not seen since 2007. Mortgage rates follow loosely the yield on the 10-year U.S. Treasury |
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