America’s Most Splendid Housing Bubbles, April Update: Raging Mania on the Eve of Soaring Mortgage Rates
At the time the rate locks were issued for these transactions, mortgage rates were still around 3.2%. By Wolf Richter for WOLF STREET. Home prices have soared — including about 30% or more in Phoenix, Tampa and Miami year over year — according to the S&P CoreLogic Case-Shiller Home Price Index today. But this madness…