30 year mortgage rate hits lowest level since May as homebuyers rush to lock in deals
I'm absolutely shaking my head here. Another drop in the 30 year mortgage rate, and all these supposed experts are cheering like it's a miracle. Guess what? That's still DOUBLE what it was three years ago! Common sense tells you nobody's "rushing to lock in deals" when your payment is literally a thousand bucks more than your neighbor's. My cousin just closed on a fixer-upper and his rate is 6.8%—that's insane. Meanwhile, the politicians pat themselves on the back while families can't afford a starter home. Wake up, people. This isn't a win. It's a bandaid on a broken system.