Bubble watch: Mortgage-rate spike is the worst since 1980

Bubble watch: Mortgage-rate spike is the worst since 1980

2 years ago
Anonymous $R5WK5a8uaN

https://www.siliconvalley.com/2022/03/24/bubble-watch-mortgage-rate-spike-is-the-worst-since-1980/

“Bubble Watch” digs into trends that may indicate economic and/or housing market troubles ahead.

Buzz: As house hunters grapple with record-high home prices another financial blow hits — a sudden rise in mortgage rates pushed the average 30-year rate to 4.42% this week. It’s a stunning jump that harks back to the sharp loss in borrowing power during the infamous rate spike of 1980.

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