Mortgage interest rates

Under contract 800+ credit score…6.625

I’m kinda surprised that people are building homes in this current economic climate.

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what the interest rates may look like in 6 months?

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A fool’s errand.


Whatever they are today +/- 1.75%

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I’m kinda surprised that people are building homes in this current economic climate.

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What's the current climate and why are you surprised?

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And only speaking personally here, there’s no way I’ll ever build a house. There’s way too much premium in doing that for my taste.

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If you are doing contractor grade crap, vinyl floors and cheap tile, sure its a waste.

If you go with solid hardwood floors and lifetime materials it is just cheaper to get what you want in the first place rather than buying, ripping crap out and putting good stuff in.

I have been around long enough to know what I want and the next place will be a build unless the market just crashes to where it makes sense to gut a place and do it how I want... before I move the first thing into it.

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If you go with solid hardwood floors and lifetime materials it is just cheaper to get what you want in the first place rather than buying, ripping crap out and putting good stuff in.

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Again, I’ve never built a house.

The last two primary residences I’ve bought (in 2013 and before that in 2000) were both turn-key where I didn’t have to do anything to them to upgrade them. I was completely satisfied with each of them the way that they were.

It’s a personal preference as some people want to control every detail and to do that they have to build or spend a lot on renovations rather than accept someone else’s concept of the “right” house.

My wife (no pics) and I are admittedly more flexible in our taste.

I will stand by my opinion that this flexibility has allowed us to pay less for housing than having a custom home built. It is a fool’s errand to argue otherwise.

After watching this for years, I can tell you from experience these are nearly always wrong more than 3 months out... Fed Rate Watch Tool (Go to the probabilities tab to see future months)

Nobody on this board or any other can confidently answer this. We are in an interesting spot. With only a 6 month time period, I would guess about .5% lower than today. Going further out, I would not be surprised if they start creeping higher by this time next year.

Don’t patronize me.

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KWL85

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Thanks for bringing your high iq responses to this board