OMG! Mortgage Rates Spike! Is My Dream Home Doomed?

Is This My Villain Origin Story?

Okay dolls let's get real. I woke up this morning ready to conquer the world maybe design a new Skims line (bralettes for *everyone*!) but then I saw the news. Mortgage rates are going UP! Like what is happening?! It's giving me major 'Kim there's people that are dying' vibes. Remember when Kourtney said that? Well now I'm saying it about my dream home. Are my real estate dreams about to be snatched away faster than you can say 'contour'?

6.92%? Seriously Unfollowing That Rate!

Apparently these rates hit their highest since February. February! That feels like a lifetime ago back when my biggest concern was what filter to use on my selfie. Now I'm stressing about 30 year fixed rate mortgages and conforming loan balances...which by the way sounds *way* too much like a math problem. And math is SO not my thing. It's like I'm trying to buy a fabulous house not solve the Riemann hypothesis!

Homebuying FOMO Is Real!

So the article says mortgage applications are down 5.1%. Like hello?! Of course they are! Who wants to pay almost 7% interest? It's giving me anxiety just thinking about it! Everyone's worried about inflation and the economy and honestly same. Remember when I said 'I will always do my own thing and I will never follow the trends'? Well turns out I might have to follow this trend of *not* buying a house. Ugh the pressure!

Blame Game: Deficits and Debt?

According to this 'expert,' Mike Fratantoni (never heard of him BTW) investors are freaking out about rising inflation and increasing deficits. Okay cool. So basically it's everyone else's fault that I can't have a walk in closet the size of my old apartment? Got it. Seriously this is almost as bad as when Kris tried to convince me to invest in that llama farm. Almost.

Refinancing? More Like Refinanc ing My Tears!

And refinancing is apparently a no go now too. Like thanks a lot universe. You're really making me work for this! I mean I'm all about the hustle but can't a girl catch a break? I just want to find a place with good light for selfies and a kitchen big enough to house all my matcha latte supplies. Is that too much to ask?

Keeping Up With the Mortgage Rates? I Think Not!

Honestly this whole mortgage situation is stressing me out more than trying to coordinate a family Christmas card. Maybe I'll just stick to renting. At least I can change the color of the walls whenever I want right? But seriously someone needs to get this under control. My dream home – and my sanity – depends on it! Okay deep breaths. Gotta stay positive. 'You have to believe in yourself and just go for it.'