Mortgage interest rates have nearly tripled in the span of just a couple of years amid inflation fears and strong economic growth.
Mortgage interest rates have nearly tripled in the span of just a couple of years amid inflation fears and strong economic growth.
There’s only a handful of areas where that level of appreciation happened. There’s about as many places that 150k house is the same or less because it’s a crime ridden neighborhood now, or there’s no economic activity in the area anymore. The average is more like 2-3x increase in the last 30 years.