Watching the Real-Estate Bust From the Streets of San Francisco - WSJ

Watching the Real-Estate Bust From the Streets of San Francisco - WSJ

Post from The Kobeissi Letter (@KobeissiLetter)

The Kobeissi Letter (@KobeissiLetter) posted at 5:44 AM on Fri, Sep 22, 2023:
BREAKING: Average interest rate on a 30-year mortgage rises to 7.75%, the highest since November 2000.

This officially more than a whole percentage point above the 2008 highs.

Mortgage rates are now up 500 basis points in just over 3 years.

The payment on a $500,000 mortgage… https://t.co/O8K2dIE1ST
(https://x.com/KobeissiLetter/status/1705201520101257494?t=GnxME5OiW8bhKzNA1fk-0w&s=03) 

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