A lot Can Happen in 2 Years
John Chis • November 2, 2022
A lot Can Happen in 2 Years
Charlie Bilello Twitter post on 10/27/22: https://twitter.com/charliebilello/status/1585634956751273985
“2 years ago: 30-yr mortgage rate was 2.80% & average new home price in the US was $395k.
Today: 30-yr mortgage rate is 7.08% & average new home price is $518k.
Result: $25k increase in down payment (assuming 20% down) & 114% increase in monthly payment (from $1,298 to $2,779).”
What do you think will happen in the next two years?
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