Is this real? 30 year fixed mortgage rate went up 30% today!

[smack Down]

Originally posted by: Skoorb
A bit of a lag vs my OP, but yeah this is real. Mortgage rates are now 5.95 for 30 year up half a % in a week. If this continues, and it seems it will at least for a while, it's going to show up quite soon, as those who were unable to lock their rates can now no longer afford what they could before.

Good maybe prices can finally start falling to sane levels.

 

[SunSamurai]

Ya know people saying "its still historical low" arnt accounting for the most important part of recent history. The part where a week ago it was 1/4th lower.

 

[Aimster]

Are we going to buy more mortgage backed securities to bring this down?

I mean we love printing money so...