re: 30-year fixed-rate mortgages reach 7.15%

quote:

---

Still 4% below my first mortgage rate.

---

My first (1995) was 9% something. Bought our last house 11 years ago at 3.75% and re-fied in the summer of 2020 for 2.75%. I remember thinking, "I can't believe the bank is actually this stupid." Closing attorney went over the amortization schedule with us "in case we wanted to pay it off early" but then commented "I don't know why you'd ever want to do that."