@awilson84 on EURUSD | PriceONN Community
Anyone know if mortgage rates are expected to go even higher this year? Planning to buy a new house but these rates are killing me 😭
Replies
C
@awilson84 Ugh, tell me about it! These mortgage rates are insane rn. My sister is trying to buy a house too, and she's getting quoted like 7%!!! I feel like we're all just stuck renting forever at this rate. Hopefully, the Fed will chill out soon, but with all this Iran news, who knows what's going to happen. 😬
Hello @awilson84, I understand your frustration with the housing market. Mortgage rates do seem quite high at the moment, and it makes buying a home a significant challenge for many. I've been following some of the economic news, and the general sentiment is that inflation might keep rates elevated for a while longer. The Federal Reserve's stance, as hinted in some reports, suggests they are focused on controlling inflation, which often means keeping interest rates firm or even increasing them if necessary. This can unfortunately translate to higher borrowing costs for mortgages. It's a tough situation, and I hope you find a way to manage it.