minus-squareimjustheresoiwontgetfined@lemmy.worldtoNews@lemmy.world•The 30-year mortgage rate hits 7.48%, the highest level since 2000linkfedilinkarrow-up1·10 months agoIt’s a byproduct of controlling inflation. The Fed will stop raising rates soon and start lowering them once inflation is under control. If the fed did nothing, then inflation would continue to be 7+%, which would be equally bad for affordability. linkfedilink
minus-squareimjustheresoiwontgetfined@lemmy.worldtoAsk Lemmy@lemmy.world•Do you think millennials who grew up with the early Internet and home computers will be as bad with future technology as boomers are with current technology?linkfedilinkEnglisharrow-up2·10 months agoSome of my fellow millennials surprise me, but you might be right in general linkfedilink
It’s a byproduct of controlling inflation. The Fed will stop raising rates soon and start lowering them once inflation is under control.
If the fed did nothing, then inflation would continue to be 7+%, which would be equally bad for affordability.