minus-squareimjustheresoiwontgetfined@lemmy.worldtoNews@lemmy.world•The 30-year mortgage rate hits 7.48%, the highest level since 2000linkfedilinkarrow-up1·1 year agoIt’s a byproduct of controlling inflation. The Fed will stop raising rates soon and start lowering them once inflation is under control. If the fed did nothing, then inflation would continue to be 7+%, which would be equally bad for affordability. linkfedilink
It’s a byproduct of controlling inflation. The Fed will stop raising rates soon and start lowering them once inflation is under control.
If the fed did nothing, then inflation would continue to be 7+%, which would be equally bad for affordability.