3309 Drysdale Ct
Edwardsville, IL 62025
BREAKING: The average rate on a 30-year fixed mortgage in the US rises to 7.43%, a new 2024 high.
We have not seen mortgage rates this high since early-December 2023, when the Fed said rate cut talks were "premature."
This means that the monthly mortgage payment on a $500,000 house with 20% down is now $3,500/month.
The $3,500/month figure also does not include property taxes, insurance, or maintenance.
Meanwhile, the median US home is now selling for a whopping $417,700.
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Kobeissi Letter
Posted by steve on 16th of Apr 2024 at 01:23 pm
BREAKING: The average rate on a 30-year fixed mortgage in the US rises to 7.43%, a new 2024 high.
We have not seen mortgage rates this high since early-December 2023, when the Fed said rate cut talks were "premature."
This means that the monthly mortgage payment on a $500,000 house with 20% down is now $3,500/month.
The $3,500/month figure also does not include property taxes, insurance, or maintenance.
Meanwhile, the median US home is now selling for a whopping $417,700.