As the US Federal Reserve Interest Rate increased, the mortgage rate rose to the highest level since 2008.
Recently, CNN Business quoted Freddie MC’s report, and the average interest rate for fixed rate-type mortgage loans until the 8th was 5.89%, up 0.24%p from 5.65%per week.
Considering that the average rate of mortgage loans in the same period last year is 2.88%per year, it can be seen that the Fed’s monetary policy is soaring.
As mortgage rates rose, the interest burden on borrowers also increased. According to the estimated calculation of Freddie Mac, if you buy a house of $390,000 a year ago using a fixed rate loan, you had to pay $1,295 per month, but now you are $1849. This $554 (about 770,000 won) increases.
The 30-year fixed rate has risen as the 30-year fixed rate has risen, he said. I don’t think it’s going to fall again.