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re: interest rates on home mortgages wont fall anytime soon

Posted on 7/26/23 at 12:33 am to
Posted by jlu03
San Diego
Member since Jul 2012
3321 posts
Posted on 7/26/23 at 12:33 am to
Closing on a house August 21st. It was the 6th house we made an offer on. The last 3 houses we bid around 10% over the ask and still weren’t close. Not looking forward to these rates but I’ll refi down to the 5s next year.
Posted by GusMcRae
Deep in the heart...
Member since Oct 2008
3255 posts
Posted on 7/26/23 at 11:16 am to
quote:

Closing on a house August 21st. It was the 6th house we made an offer on. The last 3 houses we bid around 10% over the ask and still weren’t close. Not looking forward to these rates but I’ll refi down to the 5s next year.


Where do you live? We had challenges in NOLA, but it’s a very strange market.
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