Home Mortgage Applications Crash

After mortgage rates climbed to 7.9%.

Will this hurt the economy? Imagine a lot of realtors looking at other careers now, and home mortgage professionals being laid off.

Should have made that purchase the other day. Today's national rate for a 30 yr fixed is 8.11%.

I had a chance to refinance my mortgage a few years ago at 2% for the next 30 years. Should have taken the opportunity.

Everyone is opting for ARM'S (If they r signing up)....BIG gamble unless u r planning a short term living arrangement We crunched numbers..made double payments on principle and took deed on our property
in August, (in 8 years, after move to western slope). IT IS FAB TO BE DEBT FREE. (for once we timed the market dead on)