Post New Article

Mortgage Rates Reach 20-Year High

Original Article

Posted By: Dreadnought, 10/27/2022 1:34:44 PM

Mortgage rates reached a 20-year high on Thursday, passing 7 percent for the first time since April 2002, Freddie Mac reported. The news comes as rapidly-increasing borrowing costs continue to shut out many first-time borrowers and slow the U.S. housing market. The 30-year fixed-rate mortgage, the most popular among Americans, rose to 7.08 percent on Thursday, up from 6.94 percent last week, Freddie Mac reported. A year ago, a 30-year mortgage averaged 3.14 percent. A 15-year fixed-rate mortgage averaged 6.36 percent on Thursday, up from 6.23 percent last week, and up from 2.37 percent a year ago.

Post Reply

Reply 1 - Posted by: jimboscott 10/27/2022 1:57:35 PM (No. 1316036)
I closed on a house in late 2021 and everyone was telling me to wait for the market to cool down. In this case my impatience paid off as my mortgage is about 1200.00 less per month than had I decided to buy the same house today.
11 people like this.

Reply 2 - Posted by: Axeman 10/27/2022 2:36:22 PM (No. 1316060)
I will have a lower priced house ready for sale soon. I am leaning towards just renting it out.
4 people like this.

Reply 3 - Posted by: zephyrgirl 10/27/2022 3:09:32 PM (No. 1316087)
And yet this interest rate is still lower than my last mortgage - 7.25% As one who can still remember 15% mortgages during the Carter administration, a little over 7% is no big deal. Of course home prices are through the roof, thanks to quantitative easing and low interest rates. I smell a correction coming.
5 people like this.

Reply 4 - Posted by: smokincol 10/27/2022 3:19:47 PM (No. 1316093)
diapers has pretty much completed the triangular action plan of the demcommie party but the only one not reached, yet, is 3.) begin or get involved in a war, regardless where it is in the world - this is such sickening governing, it's very bad but very predictable - if diapers orders the 101st to intervene in Ukraine he should be impeached, immediately, and run out of town on a rail ... after he's tarred and feathered, even his hairy legs
3 people like this.

Reply 5 - Posted by: formerNYer 10/27/2022 3:56:31 PM (No. 1316122)
my last mortgage was at 2 1/8 it was like free money.
3 people like this.

Reply 6 - Posted by: Ida Lou Pino 10/27/2022 4:10:48 PM (No. 1316142)
Mortgage rates mean nothing - - to people who live in their parents' basements. This will have no impact on the loony leftists.
3 people like this.

Reply 7 - Posted by: oldmagnolia 10/27/2022 5:11:04 PM (No. 1316210)
We bought a house during the Carter disaster. The mortgage was 16.5%. By the monthly payment amount you would thought you bought Buckingham Palace. We are going the same direction again.
4 people like this.

Reply 8 - Posted by: nwcudagal 10/27/2022 6:58:07 PM (No. 1316277)
I haven't had a mortgage for a few years, but the state has doubled the value of my house so the property taxes will be awful. They did that just a few weeks before the home values tanked.
3 people like this.

Reply 9 - Posted by: 3XALADY 10/27/2022 7:06:43 PM (No. 1316281)
I heard on the news this morning the average home sale price was $287,000 or thereabouts. Holy Schnikey. We had a $300,000 home at one time but that was from trading up a couple of times. I don't know how people are affording to buy homes.
0 people like this.

Reply 10 - Posted by: JHHolliday 10/27/2022 7:58:00 PM (No. 1316329)
I don’t think they can, #9. An extra $1,500 a month payment will eliminate 50% of the buyers. Look for a massive housing crash coming. I just thank God I paid my house off 15 years ago. It wasn’t easy and we gave up vacations and extra spending for years to do so. I am so sad that younger people won’t have the option to buy a home. They will be stuck with paying outrageous rent that will suck up 75% of their take home pay. FJB and the Communist horse he rode in on.
2 people like this.

Reply 11 - Posted by: thefield 10/27/2022 8:39:13 PM (No. 1316367)
Republicans are the ones to destroy the economy? Yeh, right.
0 people like this.

Reply 12 - Posted by: DVC 10/28/2022 12:56:27 AM (No. 1316506)
And going much higher...
0 people like this.

Reply 13 - Posted by: hoosierblue 10/28/2022 7:52:43 AM (No. 1316648)
I remember getting an 8 1/4% mortgage during the Carter era and that was the best you could get at the time.
0 people like this.

Below, you will find ...
Most Recent Articles posted by "Dreadnought"
and
Most Active Articles (last 48 hours)
Most Recent Articles posted by Dreadnought"
Phillies win Game 1 of World Series on
J.T. Realmuto homer in 10th
1 reply
Posted by Dreadnought 10/29/2022 12:57:00 AM Post Reply
Houston - Philadelphia Phillies catcher J.T. Realmuto hit a tiebreaking home run in the top of the 10th inning, leading to a stunning 6-5 victory against the Houston Astros in Game 1 of the World Series on Friday night. The Phillies scored six straight runs after trailing 5-0 early in the game. Realmuto deposited a 3-2 fastball by Astros reliever Luis Garcia into the right-field stands, sending his dugout into a frenzy. The home run came moments after Phillies right fielder Nick Castellanos made a sliding catch in the bottom of the ninth to preserve the tie. The game had no scoring from the fifth inning until Realmuto's home run,
Police Dispatch Audio: Paul Pelosi When
Calling Cops Said 'He Doesn’t Know Who
the Male Is but He Advised that His Name
Is David and He Is a Friend'
6 replies
Posted by Dreadnought 10/29/2022 12:35:42 AM Post Reply
Paul Pelosi reportedly told 911 dispatch that the individual who allegedly attacked him with a hammer in his home “is a friend,” according to a police dispatch call early Friday morning. The alleged intruder reportedly attacked Paul Pelosi with a hammer, which forced him to undergo emergency surgery for his injuries. Officers later identified 42-year-old Berkeley resident David DePape as Pelosi’s attacker. DePape was reportedly wearing only underwear when officers arrived on the scene. He was taken into custody and will be charged with multiple felonies, including attempted murder, San Francisco district attorney Brooke Jenkins announced.
Pummeled by cost of living, seniors are
looking for roommates
2 replies
Posted by Dreadnought 10/29/2022 12:31:33 AM Post Reply
The increased cost of living is taking its toll on seniors in the United States. Persistently high inflation has caused essentials such as food, gasoline and home utilities to eat into Americans’ paychecks. And the demand for housing, an issue predating the pandemic, has only increased, making it more difficult to secure affordable living spaces. But the economic squeeze in the United States has been felt more acutely by seniors who are on fixed incomes and are looking to age in place. Older adults are facing uncertainty amid major life changes, and like millions of others, they are again looking for roommates to split costs.
House Dem Staffer Who Tried to Arrange
Meetings Between Congressional Staffers
and Chinese Embassy Fired
1 reply
Posted by Dreadnought 10/29/2022 12:16:57 AM Post Reply
A scheduler for Rep. Don Beyer (D-VA) was unceremoniously fired this week after an investigation found that she was also working on behalf of the Chinese embassy to attempt to set up meetings between the embassy and Capitol Hill staffers who were working on bills the embassy wanted to weigh in on. From National Review, which broke the story Friday morning: A source familiar with the situation said that the House sergeant at arms (SAA) notified Beyer’s office on Tuesday that Hamlett had requested meetings with different congressional offices on behalf of people at the Chinese embassy, after staffers in other offices reported being contacted by her.
The COVID coverup begins to unravel 2 replies
Posted by Dreadnought 10/29/2022 12:13:39 AM Post Reply
COVID likely started circulating in China is late 2019–now 3 years ago–and its effects have dominated our lives for 2 1/2 years. Yet for much of that time the Establishment™ has been gaslighting us about its likely origins. You know that. The Establishment™ knows that you know. And now the Senate Republicans on the health committee are laying the facts out on the table. COVID almost certainly was released accidentally from a Chinese research lab. It was remarkable how quickly the Narrative™ settled on the zoonotic origin of the virus, since warning signs that the virus didn’t originate naturally were everywhere. Even scientists who confidently declared in private
Biden connects ‘despicable’ Paul Pelosi
attack to Republican talk of stolen elections
28 replies
Posted by Dreadnought 10/28/2022 9:15:57 PM Post Reply
President Biden on Friday called the attack on Speaker Nancy Pelosi’s (D-Calif.) husband at their San Francisco home “despicable” and suggested it was a natural progression from lies Republicans have spread about the 2020 election. “This is despicable. There’s no place in America. There’s too much violence, political violence, too much hatred, too much vitriol,” Biden said at the start of remarks to Pennsylvania Democrats.“And what makes us think that one party can talk about stolen elections, COVID being a hoax, that it’s all a bunch of lies, and it not affect people who may not be so well balanced,” Biden continued. “What makes us think that it’s not going to
The Gates of Hell Opened:' Leftists Throw
Epic Meltdown over Elon Musk Buying Twitter
11 replies
Posted by Dreadnought 10/28/2022 9:06:56 PM Post Reply
Left-wing Twitter users had a collective meltdown on Thursday and Friday after Tesla CEO Elon Musk officially completed his takeover of the social media platform and promptly fired top left-wing executives at the company. After officially becoming the owner of Twitter, Musk fired top executives, such as CEO Parag Agrawal, CFO Ned Segal, and Vijaya Gadde, head of “trust and safety,” who was notorious for her fanatical left-wing censorship campaign, which included suspending former President Donald Trump’s account. Musk also had Tesla engineers review Twitter’s software code and locked out Twitter engineers, preventing them from making any further changes to the platform. Upon hearing the news of the SpaceX founder’s moves, leftists on Twitter had a public meltdown
Trump Says He Won’t Be Returning to
Twitter after Elon Musk Takeover
12 replies
Posted by Dreadnought 10/28/2022 2:10:05 PM Post Reply
Amid the finalization of Elon Musk’s acquisition of Twitter, former president Trump, who was permanently banned from the platform in January 2021, said he will be staying on Truth Social, the social media company he created, even if his old account gets reinstated. He called Truth a “better” and “safe” alternative to Twitter that feels “like home” in an interview with Fox News Friday. Trump applauded Musk for buying Twitter, saying: “I like Elon and I wish him a lot of luck. I hope he does well with it.” Acknowledging the influence he once commanded on the site, Trump said, “I don’t think Twitter can be successful without me.”
Twittergeddon: It's the End of the World
as We Know It and I Feel Fine
6 replies
Posted by Dreadnought 10/28/2022 1:52:23 PM Post Reply
In case you’ve been blissfully living under a rock and off the grid, you probably know by now that billionaire businessman Elon Musk is the brand-spanking-new owner of the notorious social media cesspool that is Twitter. The self-proclaimed “Chief Twit” Musk is reportedly set to officially close the deal on Friday, which left many leftist Twitter users and employees on Thursday night in fits of apprehensive whining hysteria the likes of which we’ve not seen since Election Night 2016. And it was glorious.
Jerry Lee Lewis, free-wheeling 'wild man'
of rock 'n' roll, dies at 87
17 replies
Posted by Dreadnought 10/28/2022 1:25:21 PM Post Reply
Jerry Lee Lewis, the rock ’n’ roll trailblazer and piano virtuoso who electrified audiences with his raucous, free-wheeling performances but attracted scandal after he married his 13-year-old cousin, died Friday, his publicist said. He was 87. Lewis was a consummate showman who gleefully blended the styles of Black rhythm-and-blues musicians, country crooners and ecstatic Pentecostal preachers. He was nicknamed “the Killer,” and his admirers believed he could be the next Elvis Presley.
UK government has plan for winter blackouts 14 replies
Posted by Dreadnought 10/28/2022 11:02:05 AM Post Reply
The Edinburgh Evening News is reporting that the UK government has developed its plans for dealing with the energy crisis this winter, and it is reminiscent of the rationing from World War II. It has been known for quite a while that rationing was likely, but the plans for how to implement it have been finalized. Britons should prepare to lose electricity to their home for as little as 9 hours a week (in 3 hour time blocks) to as much as 45 hours a week (15 three hour time blocks). In the worst case the grid could shut down entirely, providing electricity to only emergency services and other vital industries.
Elon Musk to Reverse Lifetime Bans for
Twitter Users
11 replies
Posted by Dreadnought 10/28/2022 10:30:05 AM Post Reply
Having successfully acquired Twitter after months of legal quagmires, Elon Musk now plans to reverse lifetime bans for Twitter users who were kicked off the platform for various speech infractions. The tech titan doesn’t believe in barring an individual from the social-media site for life, a source told Bloomberg. Twitter has permanently removed a number of political personalities, many of whom are considered right-wing internet provocateurs or conspiracy theorists. They include Republican Representative Marjorie Taylor Greene, Project Veritas Founder James O’Keefe, Steve Bannon, Alex Jones, Milo Yiannopoulos, and most significantly, former president Trump.
Most Active Articles (last 48 hours)
Assailant breaks into Nancy Pelosi’s
home, attacks husband Paul Pelosi
67 replies
Posted by Imright 10/28/2022 9:35:59 AM Post Reply
House Speaker Nancy Pelosi’s husband was violently attacked when an intruder broke into the couple’s San Francisco home Friday morning, a representative for the Democrat said. Paul Pelosi, 82, was taken to the hospital and is expected to make a recovery, spokesman Drew Hammill said in a statement. Nancy Pelosi was not home at the time of the attack. “The assailant is in custody and the motive for the attack is under investigation,” Hammill said in the statement.(Photos) The identity of the attacker has not been released. Pelosi’s office expressed the couple’s gratitude to first responders.(Statement by Pelosi spokesperson) Paul Pelosi is expected to make a full recovery.
John Fetterman’s wife claims ‘swimming
in America is very racist’
50 replies
Posted by NorthernDog 10/28/2022 10:59:46 AM Post Reply
The wife of Democratic Pennsylvania Senate candidate John Fetterman claimed “swimming in America is very racist” — as she likened her husband’s use of closed captioning to turning up the brightness on a smartphone. “Historically, swimming in America is very racist, and usually when you look at drowning statistics, it usually affects children of color, because of lack of access,” Gisele Fetterman said on the iGen politics podcast on Thursday. Gisele made the comments while discussing how she and her husband, Pennsylvania’s lieutenant governor, had decided not to move into the state-owned mansion in Harrisburg but made the pool accessible
Climate protester glues his head to ‘Girl
with a Pearl Earring’
37 replies
Posted by mc squared 10/28/2022 10:48:06 AM Post Reply
A climate protester glued his shaved head to the world-famous “Girl with a Pearl Earring” painting at a museum in The Hague on Thursday, the latest in a series of stunts targeting iconic artworks. A second activist glued his hand to the wall next to the painting and poured a can of tomato soup over his accomplice’s head, before going on a rant about climate change while being jeered by stunned onlookers. Dutch master Johannes Vermeer’s 1665 canvas is protected by glass at the Mauritshuis museum and was not damaged, gallery staff said. “The police were notified and three people have been arrested.
This is Weird? Pelosi Assailant David
Depape Was In His Underwear When Police
Arrived – Yanked the Hammer from Paul Pelosi
33 replies
Posted by Imright 10/28/2022 6:28:58 PM Post Reply
As reported earlier, according to sources close to the investigation, Paul Pelosi’s attacker is 42-year-old Berkeley resident David Depape, The San Francisco Standard reported. (Snip) According to NBC News, Paul Pelosi was taken to Zuckerberg San Francisco General Hospital where he underwent brain surgery. Mr. Pelosi is reportedly in stable condition. The attack reportedly took place after 2 AM. And David Depape was in his underwear when the police arrived.
Washington Post demonstrates how crummy
it is by writing obnoxious obit about
Lucianne Goldberg
31 replies
Posted by PageTurner 10/28/2022 8:38:19 AM Post Reply
At newspapers, obituaries are typically written in advance. The Washington Post had plenty to work with when the death of Lucianne Goldberg happened, but instead of remembering good, or at least balancing their summary, they selectively chose to remember the great muse of the right, Internet pioneer, and accomplished woman from a time when women weren't allowed much accomplishment, by printing only cherry-picked tales of dubious sourcing that made her look phony. It was garbage. It stood in stark contrast to the insightful and warm-hearted tweets that overwhelmingly were the consensus on Twitter, from wildly different parts of the Internet spectrum.
Gisele & Tom Brady Divorce Filed & Final
... They're Both Single
29 replies
Posted by Beardo 10/28/2022 4:34:11 PM Post Reply
11:24 AM PT -- TMZ has obtained a copy of the divorce filings. As we reported, the docs say both Tom and Gisele say their marriage was "irretrievably broken." The property settlement and custody agreement remain confidential. What's interesting ... the docs include 2 certificates, showing both Tom and Gisele successfully completed a "Parent Education and Family Stabilization Course." The docs say both Tom and Gisele are "restored to the status of being single and unmarried" -- per the judge.
San Francisco Police Identify Suspect
in Attack on Paul Pelosi
29 replies
Posted by Imright 10/28/2022 4:03:43 PM Post Reply
Chief Bill Scott of the San Francisco Police Department on Friday identified the suspect in the attack on House Speaker Nancy Pelosi’s (D-CA) husband as 42-year-old David DePape. “At approximately 2:27 this morning, San Francisco police officers were dispatched to the residence of Speaker Nancy Pelosi regarding a priority well-being check. When the officers arrived on scene, they encountered an adult male and Mrs. Pelosi’s husband, Paul,” Scott said during a press conference. “Our officers observed Mr. Pelosi and the suspect both holding a hammer. The suspect pulled the hammer away from Mr. Pelosi and violently assaulted him with it.
Biden connects ‘despicable’ Paul Pelosi
attack to Republican talk of stolen elections
28 replies
Posted by Dreadnought 10/28/2022 9:15:57 PM Post Reply
President Biden on Friday called the attack on Speaker Nancy Pelosi’s (D-Calif.) husband at their San Francisco home “despicable” and suggested it was a natural progression from lies Republicans have spread about the 2020 election. “This is despicable. There’s no place in America. There’s too much violence, political violence, too much hatred, too much vitriol,” Biden said at the start of remarks to Pennsylvania Democrats.“And what makes us think that one party can talk about stolen elections, COVID being a hoax, that it’s all a bunch of lies, and it not affect people who may not be so well balanced,” Biden continued. “What makes us think that it’s not going to
Breaking Updates: Sources Claim Attacker
Screamed “Where Is Nancy!”, Tried
to Tie Up Paul Pelosi; Speaker’s Husband
‘Severely Beaten’ with Hammer to His
Head and Body in ‘Targeted’ Attack
on SF Home
24 replies
Posted by DW626 10/28/2022 3:59:16 PM Post Reply
Breaking update: Sources are telling many reporters that the attacker allegedly was screaming “Where is Nancy!” when Paul Pelosi was confronted and attacked in the couple’s San Francisco home). Nancy Pelosi was in DC according to her office. The assailant reportedly was trying to tie up Paul Pelosi “until Nancy got home.” The man who beat Paul Pelosi with a hammer was targeting the Speaker, demanding to know “Where’s Nancy?” He broke in through a sliding glass door. Law enforcement sources say the attack was politically motivated.”
IRS adds 4,000 new workers funded by the
Inflation Reduction Act
22 replies
Posted by Imright 10/28/2022 12:37:30 PM Post Reply
The Internal Revenue Service announced Friday it has hired 4,000 new "customer service representatives" to help answer phones and provide other services to U.S. taxpayers. The IRS said the hirings are part of a much wider improvement effort tied to funding from the Biden administration Inflation Reduction Act. "Our phone lines have been simply overwhelmed during the pandemic, and we have been unable to provide the help that IRS employees want to give and that the nation's taxpayers deserve. But help is on the way for taxpayers," said IRS Commissioner Chuck Rettig in a statement. "As the newly hired employees are trained and move online in 2023, we will have more assistors
Department of Energy to Require DEI Plans
from Research-Grant Applicants
22 replies
Posted by Frederic F. Frew 10/28/2022 11:41:54 AM Post Reply
Beginning in fiscal year 2023, the Department of Energy will require applicants for research funding to explain how their research projects will incorporate the tenets of diversity, equity, and inclusion. According to the Department of Energy website, applicants will be required to attach a “Promoting Inclusive and Equitable Research (PIER) Plan” to their funding application in which they will “describe the activities and strategies” they’ll rely on “to promote diversity, equity, inclusion, and accessibility in their research projects.”
Biden Downplays Record Increases in Food
Prices: “You’re Going to See People
Buying Other Raisin Bran” (Video)
21 replies
Posted by Imright 10/28/2022 7:46:35 AM Post Reply
Joe Biden Thursday evening gave an interview with NewsNation to discuss a variety of issues plaguing the Democrats going into the midterm elections. Biden was asked why voters should choose Democrats in this year’s midterms given record inflation. Look at what we inherited!” Biden said. “Given record inflation, why should voters choose Democrats?” the reporter asked. “Because it’s not record inflation anymore. I’m bringing it down.
Post New Article