The Housing Market Is Going to Be Affected by This

The 30 year mortgage ticked over 7% recently, I think it was last week. The difference is basically that if you had bought a home two years ago, the same home, same price even because prices haven't actually calmed down to reflect what's going on in the interest rate market for the most part yet. You're basically spending twice as much now with a 7% 30 year fixed. As you were two years ago,. Even on these new construction homes, people are still finding 1% in maintenance that they need to do on their homes. So this is a very significant category of people's budgets.