InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,127.79
(
1.26%
)
US TECH 100
17,444.00
(
2.16%
)
Dow Jones
38,675.68
(
1.18%
)
Brent Oil
82.77
(
-1.03%
)
Bitcoin
62,694.77
(
6.04%
)
Post# of 112719
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

researcher59

Send PM Follow Ignore
Followers 321
Posts 31877
Boards Moderated 22
Alias Born 12/30/2004

researcher59

Member Level

Re: None

Monday, 04/15/2024 1:16:27 PM

Monday, April 15, 2024 1:16:27 PM

Post# of 112719
A 3% gap between current mortgage rates and existing mortgages is suppressing home sales -

https://www.nytimes.com/2024/04/15/upshot/mortgage-rates-homes-stuck.html

Between 1998 and 2020, there was never a time when more than 40 percent of American mortgage holders had locked-in rates more than one percentage point below market conditions. By the end of 2023, as the chart below shows, about 70 percent of all mortgage holders had rates more than three percentage points below what the market would offer them if they tried to take out a new loan.
Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up