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re: interest rates on home mortgages wont fall anytime soon

Posted on 7/25/23 at 7:34 pm to
Posted by FLObserver
Jacksonville
Member since Nov 2005
14506 posts
Posted on 7/25/23 at 7:34 pm to
quote:

I took at a mortgage in 2015 for 4.5%. Refinanced down to 2.5% in 2021.

Yeah my first starter home in 2007 had a rate of about 6.4% then 4.3% when i got my current home a few years later. Why would anyone not have refinanced in 2021 when rates were in the 2's? I do agree though they probably should have never got that low.
This post was edited on 7/25/23 at 7:37 pm
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