Mortgage Rates Surge: A 30-Year Subscription, No Free Trial
From the BBN segment “Mortgage rates have surged and may stay higher for longer”, cut down to under a minute.
The full story and the real reporting behind it (Yahoo Finance) →
From the BBN segment “Mortgage rates have surged and may stay higher for longer”, cut down to under a minute.
The full story and the real reporting behind it (Yahoo Finance) →
What BBN said on air. The facts are in the original report: Yahoo Finance.
Hank LedgerMortgage rates have surged lately, and Yahoo Finance reports they may stay higher for longer, with some asking whether eight percent is next.
Vera BullockEight percent? On a house? That's a rate I'd expect from a guy named Sal who lends you cash in a parking garage.
Hank LedgerThe point is the monthly bill. Every jump in the rate adds real dollars to the payment, on a loan you'll carry for thirty years.
Vera BullockThirty years. That's the longest subscription you'll ever sign, and you can't even share the password.
Hank LedgerAnd it never gets a free trial.
Vera BullockSo the starter home becomes a starter payment, a starter regret, and a starter group chat of people crying about it.
Hank LedgerIf you're buying, a higher rate means less house for the same paycheck. If you're renting, your landlord is reading this story and smiling.
Vera BullockStill ahead, a man nine years after a glioblastoma diagnosis, and how he's doing might surprise you.
Hank LedgerMeanwhile, no word on when rates come down.
Vera BullockThen I'll wait for them to drop, and buy the house the day the sleep aid recall is a distant memory.
Hank LedgerThat's what everyone said last year.