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re: 2 years ago a 30-yr mortgage rate was 2.87% & average new home price in the US was $405k
Posted on 9/15/22 at 12:15 pm to cypresstiger
Posted on 9/15/22 at 12:15 pm to cypresstiger
...and my SEP was much bigger too.
This post was edited on 9/15/22 at 12:16 pm
0
Posted on 9/15/22 at 12:15 pm to GreatLakesTiger24
quote:
you of all people do not get to take a victory lap over being right about covid
Not my doctor
Posted on 9/15/22 at 12:15 pm to lsupride87
quote:
Take note, don’t ever seek advice here
Most of this board has an IQ within 2 standard deviations of their BMI.
Posted on 9/15/22 at 12:17 pm to stout
quote:
2 years ago a 30-yr mortgage rate was 2.87% & average new home price in the US was $405k
This post was edited on 9/15/22 at 12:18 pm
Posted on 9/15/22 at 12:18 pm to TigerAlumni2010
Although interest rates stayed low, house prices went nuclear from trumps first year to last as well
Posted on 9/15/22 at 12:20 pm to lsupride87
quote:Yea, this isn’t a Trump or Biden thing.
Although interest rates stayed low, house prices went nuclear from trumps first year to last as well
The housing market was exploding prior to 2020, and then took off at an even faster pace.
Posted on 9/15/22 at 12:21 pm to Ingeniero
Thankful for my 2.5% 30 year fixed right now. 
Posted on 9/15/22 at 12:22 pm to lsupride87
quote:
Take note, don’t ever seek advice here
quote:
by lsupride87
I agree, guys like you said there were zero side effects with the vaccine
Posted on 9/15/22 at 12:22 pm to stout
Beyond obscene - way beyond
Posted on 9/15/22 at 12:23 pm to stout
quote:
2 years ago a 30-yr mortgage rate was 2.87% & average new home price in the US was $405k
quote:
Today: 30-yr mortgage rate is 6.02% & average new home price is $547k
Result: $28k increase in down payment (assuming 20% down) and 96% increase in monthly payment (from $1,343 to $2,628)
Bidens* America
Posted on 9/15/22 at 12:23 pm to TigerAlumni2010
i didn't know Biden had the Fed drop rates to zero in March 2020 which sparked a shite pile of refi's, home additions and home purchases for white collar professionals.
Posted on 9/15/22 at 12:25 pm to FredBear
Our first mortgage in 2007 was 30yr at 5.75. Locked in now at 2.75. House we bought in 2018 would sell for almost 2x what we paid, which is just dumb.
Posted on 9/15/22 at 12:26 pm to Mingo Was His NameO
quote:You see this is why you never take this board seriously folks, people lie
I agree, guys like you said there were zero side effects with the vaccine
Pride made a post on here to talk about his own side effects from covid vaccine
This post was edited on 9/15/22 at 12:27 pm
Posted on 9/15/22 at 12:28 pm to stout
Glad I got mine at 2.6…my bank has been trying like hell to get me to refinance and cash out equity at 4.5%.
Posted on 9/15/22 at 12:30 pm to stout
quote:
average new home price is $547k
source?
Posted on 9/15/22 at 12:30 pm to Dire Wolf
quote:
i didn't know Biden had the Fed drop rates to zero in March 2020 which sparked a shite pile of refi's, home additions and home purchases for white collar professionals.
Don't forget the trillions of dollars the Fed printed into the U.S economy. Look at over the last 50 years and a 6% 30-year mortgage is healthy for an economy, 2% mortgage rates are not.
Posted on 9/15/22 at 12:32 pm to brass2mouth
294K (after 5% down). bought down interest to 3.99% in April 2022.
Ironically, same interest rate as my first house loan in 2016
Ironically, same interest rate as my first house loan in 2016
Posted on 9/15/22 at 12:32 pm to lsupride87
quote:
Although interest rates stayed low, house prices went nuclear from trumps first year to last as well
Wouldn't that make sense though? With interest rates decreasing people can afford more expensive homes. What doesn't make sense, and is why houses aren't moving as fast, is for prices to increase or even stay the same while interest rates are double what they were.
I re-financed in 2020 at 2.75%, if I were to buy my house today at the price that I refinanced at but with today's rates, my monthly note would be $650 more what I'm currently paying.
This post was edited on 9/15/22 at 3:27 pm
Posted on 9/15/22 at 12:32 pm to lsupride87
quote:
lsupride87
You were a covid response skell for 2+ years. You should be put in a fricking gulag.
And the best part is you thought you were a medical expert because you work in accounts payable for a hospital. You're a joke.
Posted on 9/15/22 at 12:35 pm to SoonerK
quote:This is something that wasn’t really touched on during Covid, although most people were aware.
Don't forget the trillions of dollars the Fed printed into the U.S economy.
They were offering loans of $1 trillion a day to large banks back in March 2020.
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