Replies to post #42728 on Mohacsy's Safe Portfolio Member Forum

[Elroy Jetson]

Have you noticed, free-market 30 year fixed-rate mortgages are still nearly 10%?.

https://www.wellsfargo.com/mortgage/rates/

< < With the Treasury financings over the next 90 days, interest rates may very well increase on the 10 year. > >

The rate is currently 9.8%, but it was 10.2% two weeks ago. Do mortgage rates rise to 20%? We'll see. A 10 year US Treasury pays only 3.96%.


Of course government-subsidized mortgage rates are lower, 6.23% for a 30 year fixed-rate mortgage, but I don't think that welfare program can last much longer.