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re: 15yr Mortgage... Where to begin?
Posted on 6/26/13 at 9:25 am to Ace Midnight
Posted on 6/26/13 at 9:25 am to Ace Midnight
quote:
Yeah, but interest rates will eventually slow or halt the housing price growth. That is inevitable.
I just don't see it.
Cost of materials has gone up, most every market in US as a whole is below peak boom prices or just starting to get back there, and rates on 30 year fixed loans are in the mid 4's.
I remember my parents locking at 9.5% and taking us out for steaks to celebrate!
Edit: LINK
This post was edited on 6/26/13 at 9:28 am
1
Posted on 6/26/13 at 9:36 am to ItNeverRains
i am with you i dont see housing prices becoming lower because of interest rates rising.. when i first started out in mortgages circa 2003 rates were 5-6% and home values were alot higher and people bought them like hot cakes..
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