Home Buyers Face Wildest Mortgage Rate Roller Coaster In 30 Years

Financial Advisor magazine, Sept. 28, 2022–Tracey Longo
Home buyers have found themselves shopping for a mortgage during the most volatile interest cycle in more than 30 years, said real estate brokerage firm Redfin today, and that means those buyers are in for a roller-coaster ride. In fact, the typical buyer looking for a $500,000 home saw their potential total mortgage payments fall by $64,000 from July to August, only to then skyrocket by $118,000 in September.
https://www.fa-mag.com/news/home-buyers-face-wildest-mortgage-rate-roller-coaster-in-30-years-69892.html