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re: 15yr Mortgage... Where to begin?

Posted on 6/25/13 at 11:08 am to
Posted by Cold Cous Cous
Bucktown, La.
Member since Oct 2003
15079 posts
Posted on 6/25/13 at 11:08 am to
5% is, historically, a good rate.
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
90886 posts
Posted on 6/25/13 at 11:19 am to
quote:

5% is, historically, a good rate.


I didn't mean to suggest it isn't. It's just going to be sticker shock for people who have been used to this long stretch of cheap money.

I guess the logical consequence will be a hit to housing prices, which will allow some more affordability at the entry level.
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