So much for the housing market. Rates have more than doubled in 10 months!

Here’s a longer-term view. The Fed hasn’t updated their chart since May but you can see that rates last exceeded 6% just before the global financial crisis. Keep in mind that back then home prices were lower and anyone could get a liar loan, but at 6% today huge swaths of buyers are priced out.

Experience Revolver without ads

Hide ads now

This looks more and more like a serious recession.

Ditch the ads on Revolver and Subscribe to ad-free… just $5 per month or $49 per year…

HOW TO SUPPORT REVOLVER NEWS — Go Ad-Free HERE — Donate HERE

CHECK OUT THE NEWS FEED — FOLLOW US ON GAB — GETTR — TWITTER