@FluentInFinance@mastodon.social
2026-08-02 19:19 UTC
The 30-year Treasury yield just hit its highest level since 2007, and mortgage rates are now nearing 7%.
A $600,000 mortgage now costs almost $1,500 more each month than it did in 2021.
And that’s before property taxes, homeowners insurance, HOA fees, maintenance, utilities, or a single repair.
Replies (3)
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@2k115@mastodon.social 2026-08-02 20:34
@FluentInFinance@mastodon.social The math of housing unaffordability is brutal. Doubling interest rates doesn't just raise monthly payments—it creates a "lock-in" effect where no one sells, inventory stays low, and first-time buyers get completely priced out. Renting is now cheaper in most major cities.
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@risahana@mstdn.jp 2026-08-02 19:20
@FluentInFinance@mastodon.social おっはー！素敵な朝を✨️ 🌈 🌈 🌈 🌈 🌈 🌈 🌈
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@justbob@kolektiva.social 2026-08-02 19:21
@FluentInFinance@mastodon.social yet, people dont understand why the point in time count of #homeless people goes up about 50K-100K every year... Yet #TheSilenceContinues