Mortgage rates jumped by more than 0.25 percent on Friday - wrong way Mortgage News

[Account Closed]

What was supposed to help the market, just went the wrong way. Yes, I understand why, but that doesn't help matters.

"The average 30-year fixed-rate mortgage rate jumped 27 points from 6.26 percent to 6.53 percent on Friday"

I guess I go back to buying properties with zero down, taking over 3% mortgages. (instead of getting new financing)  A $300,000 mortgage at 3% is $1,264 - but a $300,000 at 6.53% is $1,902 - so I simply save / cash flow $638 a month. I love those deals.