What are the home loan interest rates looking like right now?

Rates are climbing. Back to 2009 levels.

Was ~5% this morning may be looking at 5.125-5.25 tomorrow with how the bond market looked today

5% is still good. Lucky to get my 4.75 back in May.

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5% on a 30 year fixed mortgage is still historically low. Run the numbers, odds are if you can’t afford house at 5% you probably couldn’t afford it at 4.5% either. The only other issue is bragging rights from guys like me who have 600k locked down at 3.75%

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Has more to do with what I perceived it to be.

I closed on 9/19 at 4.375

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got mine locked in at 4.75 two weeks ago.

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Jesus you must have bad credit.

I have not been paying attention. So that is surprising!

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Are interest rates just high universally right now?

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Not relative to history.

5.0% isn't crazy for today.

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We are aggressively saving to put down a large down payment on our first home.

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What do you mean by a large down payment, as in going for that magic 20% down payment of one’s price point to avoid any PMI and have a lower LTV from the get go?

It just seems to me that this is often unreasonable, especially if home prices and rental prices keep rising, because your price point is rising and your ability to save can be more difficult, when something like 10 or 15 percent would be higher than many if not most first time home buyers put down.

In addition, many states have first-time homebuyers programs. We were able to get a lower rate, lower PMI rate, and $2,000 tax credit, as long as it’s up to 40% of our interest payments.

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from guys like me who have 600k locked down at 3.75%

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Almost as good as my 3.5%. Definitely glad I got that locked in 2 years ago.