**US 30-Year Mortgage Rates Climb to 6.86%, Hitting Highest Point Since February: Homebuyers Now Accepting Offers from Their Parents**
In a shocking turn of events that has left homebuyers gasping for air (and possibly a second job), the US 30-year mortgage rates have soared to a staggering 6.86%, the highest point since February. Experts are now predicting that the only thing rising faster than these rates is the number of adult children moving back in with their parents.
“I thought I was ready to buy a house, but now I’m just ready to buy a tent,” said local homebuyer and aspiring minimalist, Sarah “I’m Not Moving Back Home” Johnson. “At this rate, I might as well just start a GoFundMe for my down payment. Or better yet, a ‘Help Me Move Back In’ fund.”
In a desperate attempt to cope with the rising rates, many prospective buyers are now resorting to unconventional methods. “I’ve started offering my parents a monthly ‘rent’ of $50 for the basement,” said Tom “I Swear I’m Not a Failure” Smith. “It’s either that or I start living in my car, and I hear the backseat isn’t great for hosting dinner parties.”
Meanwhile, financial analysts are scratching their heads, trying to figure out how to explain this spike to the average American. “It’s simple,” said Dr. Morty Gage, a self-proclaimed mortgage guru. “When rates go up, people panic. When people panic, they start selling their kidneys on the black market. It’s basic economics!”
As the housing market continues to spiral into a frenzy, one thing is clear: the only thing more inflated than mortgage rates is the number of people considering a career in interpretive dance to express their financial woes.
So, if you’re in the market for a home, remember: it’s not just about the interest rate; it’s about how many family members you can fit into a two-bedroom apartment. Happy house hunting!
