US mortgage rates hit 5% for first time since early 2011

7 points by yblu 4 years ago | 4 comments

jleyank 4 years ago |

10 1/4 percent fixed-rate mortgage in 1988. 5%, while a tidy sum, is nowhere near they've been.

yblu 4 years ago |

Wonder what will happen to house prices. Flatten out or drop soon?

blinded 4 years ago | |

People still moving to lower cost areas, so houses in those areas likely to not change much until inventory improves imo.

blinded 4 years ago | | |

Also the rate is still lower than the inflation rate.