
Mortgage Rates Hit 7% Today: 8 Strategies Homebuyers Can Use Right Now
Well, if you're shopping for a house today...
The bond market just punched you in the mouth.
😂
The 10-year Treasury yield surged today, closing around 4.94%.
And according to Mortgage News Daily, the national average 30-year fixed mortgage jumped another 10 basis points today to:
7.07%.
Yesterday it was 6.97%.
Tuesday it was 6.89%.
So in roughly two days we've gone from 6.89% to 7.07%.
And immediately somebody listening is thinking:
‘Well, that's it, Jon. I'm not buying a house.’
Hold on.
Because today's show isn't about telling you whether you should buy a house.
It's about answering a much…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.