This chart should scare you; is the mortgage market in for a 2008 wreck; average down not even close to 20%

This chart should scare you; is the mortgage market in for a 2008 wreck; average down not even close to 20%

The federal government in their quest to shore up the mortgage market in 2008 has created some new risks to the housing market.  Non bank lenders now make up 74% of the origination volume with only 3 banks even making the list.  What does this mean for the mortgage...
Fed hits brakes hard, largest increase since 94, Mortgage rates surge 6.3%, not all real estate is impacted equally

Fed hits brakes hard, largest increase since 94, Mortgage rates surge 6.3%, not all real estate is impacted equally

All I can say is wow. On a dime, the real estate market changed overnight.  I was predicting mortgage rates around 6% over the course of the year. The change happened in one day with rates easily cresting 6.3%!  What does this big surge in interest rates mean to real...