RT @patrickbetdavid: 30 yr mortgage rates are officially above 8%. Here’s what it means. 18 months ago rates were 3% Payments on a $500k loan: @ 3% = $2,108 @ 8% = $3,677 Based on that here’s what banks will need to see in income $2108 payment: $5855 mo/income $3677 payment: $10,213 🤔 https://bit.ly/3LBTTQe

RT @patrickbetdavid: 30 yr mortgage rates are officially above 8%. Here’s what it means. 18 months ago rates were 3% Payments on a $500k loan: @ 3% = $2,108 @ 8% = $3,677 Based on that here’s what banks will need to see in income $2108 payment: $5855 mo/income $3677 payment: $10,213 🤔 https://bit.ly/3LBTTQe

— MasterMetals (@MasterMetals) Sep 24, 2023

From MasterMetals
September 24, 2023 at 02:36PM
https://twitter.com/MasterMetals/status/1705924137019924620