Is There a Limit on Housing?

The 30 year fixed mortgage rate roughly hit around five point eight nine %. A year ago it was at a low of two point seven 7%. So you're talking three % increase in one year. And that is the highest increase in mortgage pricing since 19 80 81. We've talked about stag flation before, we've talked about the impact of the seventies. Once again, we're starting to see a pattern that seems to replicate something that we were on the cusp of running into and it seems to be here.