30-year fixed rate mortgage
Michelle Meyer said the 30-year fixed mortgage rate had moved above 7%, making housing more expensive when affordability was already stretched. 1 She said the effect differs sharply by household: prospective buyers and adjustable-rate borrowers are more exposed, while owners with fixed COVID-era mortgages around 2.5%-3% are largely insulated from daily rate moves. 1 Guy Adami noted that consumer spending remained strong despite expected rate sensitivity, while Meyer linked household unease to the cumulative effect of persistent inflation. 1
From the window to Oct 11, 05:30 ET — this window's take is still to be written.
Where the voices land
Nobody took a position this week.
Mentions
1 this weekStories it travels in
i
The stories
- ○ a voice, on the left
- ◌ a voice raising half of these
- ● a subject, on the right, under its story
- ⌒ a line is a voice raising a subject — thicker, more items; colour is the story
The stories this entity travels in: on the right, each story with the subjects seen alongside it; on the left, the voices that raised them, and a line for every subject a voice raised, bundled by story. Tap a voice to light everything it raises, a subject for who raised it, a story for its own lines. The crumb goes back.
Who brings it up
- Peter Schiff 1 mention
- David Lin 1 mention
- Grant Cardone 1 mention
See what your own voices say about 30-year fixed rate mortgage, every morning.
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