Another cash buyer paying 8% over list – and this was a month after rates hit 5%:
by Jim the Realtor | May 25, 2022 | 2022, Bubbleinfo TV, Encinitas, Frenzy, Olivenhain | 0 comments
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SDSU assistant Chris Acker just made us aware on @JonAndJim that over 50 former Aztecs that played for Steve Fisher and Brian Dutcher will be at the Final Four on Saturday. What an incredible bond.
Because few people service a mortgage for all 30 years (they get divorced, refinance, move or die), mortgage rates are compared to the 10-Year Treasury Note.
While Treasury yields have fallen, mortgage rates are stuck in the mid-6% area.
Huge spread vs. 10-year = 304bps.
New post (Inventory Watch - Under $3,000,000) has been published on http://bubbleinfo.com - https://www.bubbleinfo.com/2023/03/27/inventory-watch-under-3000000/