UMich Buying Conditions For Housing Remain Depressed As Mortgage Rates Continue To Rise (Thanks A Boatload, Powell!)

by confoundedinterest17

Mortgage interest rates continue their meteoric rise (along with home prices), the result of which is a tanking of consumer confidence in home buying.

The University of Michigan survey of consumers about buying conditions for housing remains depressed due to rising mortgage rates and surging home prices.

We are primarily funded by readers. Please subscribe and donate to support us!

Bankrate’s 30Y mortgage rate is down slightly today to 5.06% as the 2-year Treasury yield declines and the anticipated rate hikes have fallen to 9.19.

As I mentioned earlier, mortgage credit availability hasn’t recovered from the “Covid Correction.”

Views:

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.