- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: .
Posted on 1/21/23 at 10:57 am to elprez00
Posted on 1/21/23 at 10:57 am to elprez00
quote:
I got 2.6% on my current home and got in before prices just got stupid. My kids might not see that interest rate in their lifetimes.
Those were historic low mortgage rates. I think ours is 2.375% when we refinanced during covid. I don't ever expect to see that again. Prices will eventually adjust to reflect 5-7% mortgage rates being the norm.
1
Posted on 1/21/23 at 11:15 am to fallguy_1978
So are people with less than 3.5% mortgages not going to be able to move or relocate due to them no longer having such a low interest mortgage or are they going to move and relocate to wherever they’re going to and just hang on to their previous home and make it a rental?
Seems like rents are continuing to rise everywhere and mortgage rates between 5-7% may have some impact on people renting rather than buying.
I’ve met several real estate investors throughout my life and some are very adamant about never selling a property.
Seems like rents are continuing to rise everywhere and mortgage rates between 5-7% may have some impact on people renting rather than buying.
I’ve met several real estate investors throughout my life and some are very adamant about never selling a property.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News