SUMMARY: Mortgage rates climbed for the 7th week in a row and are now 214 basis points higher than one year ago, buying a home is still cheaper than renting (for now ) according to Redfin, over 50% of homeowners with a mortgage have a rate under 4%, and Fed Chair Jerome Powell says a 50 bip hike is on the table…
Source
- Mortgage Rates Stay Above 5%
- Over a Third of Homeowners Have a Mortage Rate Under 4%
- Asking Rents Climbed 17% to a Record High in March
- Fed’s Powell Seals Expectations of Half-Point Rate Rise in May
But wait, there’s more…
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