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re: Housing prices and Interest rates
Posted on 10/11/23 at 9:57 pm to KRobinson
Posted on 10/11/23 at 9:57 pm to KRobinson
Before Covid the lowest mortgage rates were 3.6%. The mortgage rates today are about the same as when I bought my first house in 2010. The low rates during Covid are the exception, not the rule.
Now housing prices won’t recede until inventory rises.
Now housing prices won’t recede until inventory rises.
2
Posted on 10/11/23 at 10:51 pm to Suntiger
quote:
Before Covid the lowest mortgage rates were 3.6%. The mortgage rates today are about the same as when I bought my first house in 2010. The low rates during Covid are the exception, not the rule.
Rates today are 50% higher than they were at their peak in 2010.
Posted on 10/23/23 at 10:57 am to Suntiger
True...
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