The Assembly
@InTheAssembly
Macro analysis, market structure, and the trades nobody else is showing you. Join 3700+ members here:
Joined September 2012
20 Following 565.4K Followers
THIS IS ABSOLUTELY INSANE…
The average US 30-year fixed mortgage rate just hit 7.58% today, per Mortgage News Daily.
At that rate, a new $500,000 mortgage costs roughly $3,524/month BEFORE property taxes and insurance.
At 3%, the same 30-year loan would cost $2,108/month.
That’s almost $17,000 EXTRA every year to borrow the exact same amount.
How the fuck is a normal family supposed to afford this?
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