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Mortgage rates soar to their highest level in 21 years (www.cnn.com)

submitted 2 years ago by deconstruct@lemmy.world to c/personalfinance@lemmy.ml

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The 30-year fixed-rate mortgage averaged 7.09% in the week ending August 17, up from 6.96% the week before. Rates have been above 6.5% since the end of May and climbing higher since mid-July. This week’s average rate is the highest the 30-year, fixed-rate mortgage has been since April 2002 when it was 7.13%.

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[–] bulwark@lemmy.world 8 points 2 years ago (1 children)

Yea, that's suburbia hell for you. I don't understand the appeal either.

[–] JJROKCZ@lemmy.world 3 points 2 years ago (1 children)

The appeal is being within an hour of your workplace. I live in the burbs but my subdivision has much more space than the picture here.

[–] circuitfarmer@lemmy.sdf.org 10 points 2 years ago

This is why holding the line on remote work is incredibly, incredibly important.