Finance people, will interest rates ever be as low as they were in 2020 again?

No

we bought our starter home in 2019...starting to think it'll be our forever home... good thing we love it lol

lol i have a 3.49 commercial mortgage… you will never ever see a thing remotely close to that in our lifetime

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Finance people, will interest rates ever be as low as they were in 2020 again?

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As low as 202? Not for a very very long time if ever. But we should see rates continue to drop over the relative short term.

I believe we had negative interest rates for a little while. That should never happen.

Nobody has a crystal ball, but the circumstances that put rates at historically low levels for over a decade are not likely to repeat themselves. So I wouldn’t count on it.

Extreme recession/depression could get you close, but nothing you could count on in your lifetime

No. I think the best we can hope for in the next 10 years is 5% maybe 4.5%. The real problem is over-inflated home prices, not interest rates.

Nobody knows. We are up for some serious reconciliations.

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If you didn’t buy a house then you’ll never own one

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My theory is prices on starter-type homes will actually tank in a year or two after Trump starts deporting all the illegals. They're taking up a lot of the lower income rental properties that have helped the market hold up. People will be looking to sell when they can't rent for more than the place is worth.

That said, I think higher end stuff is going to continue as is.

Edit: I know nothing to do with rates, I just think entry to ownership will become more realistic again in a couple years, regardless of rates.