This is mind-boggling and only getting worse: Charles Payne

FOX Business host Charles Payne reacts to mortgage rates reaching the highest level since 2001 on ‘America Reports.’ #foxnews

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[sattler]

We're in Uncharted Financial Territory! Every day, we face obstacles that have become the new norm. Although it was initially viewed as a crisis, we now recognize it as the new normal and must adapt accordingly. Given the country's present economic troubles in 2023, how can we increase our revenues during this period of adjustment? I cannot let my $800K savings disappear after putting in so much effort to build them.

[martiphone]

Charles Payne is spot on when he says that people can't afford to move.

[shannondavis]

Everyone need to stop worrying about the rates and look @ the ridiculous inflated home

[SkylarPixel]

If you're experiencing challenges like affording food, being unable to move from your home, facing car expenses, watching your paycheck decrease daily, and you voted for Biden, you are to blame!.

[terencegumbs]

The voters need to wake up and vote incompetence out or suffer for four more years. A very simple choice.

[wsmith]

My interest rate in 1985 was 10.8%. My brand new starter home was 48, 000. I was making $6.00 per hour. Times have certainly changed.

[thatonekid]

China is buying complete blocks of houses 🏘 in the U.S

[pamelagetz]

So sad! Look where we were just 3+ years ago. 😢 All because of Biden and his administration 😢

[Thewithlogic]

My son sold his house that he was paying 2.75% he thought he would buy a comparable priced home in near me. At 7% he couldn’t afford the mortgage payment. $160 to fill my pick up last week.

[juanitop]

The need to stop letting companies, corporations and other nations buy us properties and land

[Big-Government-Is-The-Problem]

i have a 3% mortgage and id like to move, but like Payne says, yeah most home owners are trapped in our homes by our mortgage rates. im not complaining, obviously im privileged to be a home owner, but i wish mortgage rates were still low. i really feel sorry for young americans that have no hope of home ownership in Bidens america. even if you're paying cash in full for a very cheap $150k home, it will take a while for a dude making 50k to save up that much money, especially while paying crazy high rent prices which will only keep rising. Bidenomics is great isnt it...

[Terrathrax]

Our leaders need to stop institutional and corporate investors buying up single-family homes just to rent them out.

[gypsyfirefly]

In CA yesterday at ARCO AMPM I paid $5.19 a gal. Thanks Biden 🤬

[jonfisher]

It’s not only the interest rate, it’s prices also. I paid 10 percent on my first home, but the house only cost 64k.

[junea]

Eight % is not so terrible if you could purchase a nice home for $80, 000. I bought a 3500sq' house in 1972 for $42, 000 on 7 acres. That same house today sells for $950, 000. How did inflation get so out of control? The Bible says in the last days a loaf of bread will cost a days wages. In 1965 a loaf of bread was 25 cents.

[CarlosRivera-btlx]

yes democrats, republicans, independents all have to eat this cake. Something has to change next year. If you like these prices then you can vote for joe but if you want low prices you need to vote Trump. Drill Baby Drill.

[kg]

My parents went in to try and buy a new vehicle and they wanted to sell it to them for $7, 000 over MSRP this economy is an absolute disgrace Biden needs to go now!

[Rich-hmux]

People can't buy homes but investment companies with money will continue to buy.

[AntisocialRedNeckNerd]

A very good report on the real Bidenomics.

[TomsDinosaurOpinion]

The problem is: People can't afford to buy, but they still will, for many different reasons. That will make things worse!