LOL- The sHill trying to make chicken salad out of chicken sheet.
Heard a guy at the gym, who’s a mortgage broker and a whiny liberal, complaining about the housing market and why housing prices are so high.
Said so many people have existing mortgages with rates of 3%. If they sell and have to buy something new, their new mortgage rate will be closer 7%. Hence few want to sell to take on mortgages with double the rate which has significantly reduced the supply of available homes on the market.
I looked at him and said, “Build Back Better!!!”
Agree what good are mortgage rates when you would have to kidnap 4 people just to make a down payment on a house.