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Started By
Message
Average 30-year fixed mortgage rates hit 6.875% this week
Posted on 4/19/22 at 6:20 pm
Posted on 4/19/22 at 6:20 pm
That should cool things down some
This post was edited on 4/19/22 at 6:52 pm
61
Posted on 4/19/22 at 6:21 pm to stout
Locked...2.65 
Bought my first house in '97 at 7%...
Got it for $117K, sold it in 2010 for $180K now the current owner is asking $299K... Good Luck now...
Bought my first house in '97 at 7%...
Got it for $117K, sold it in 2010 for $180K now the current owner is asking $299K... Good Luck now...
This post was edited on 4/19/22 at 6:30 pm
Posted on 4/19/22 at 6:21 pm to stout
Luckily I’m locked in at free and clear.
Posted on 4/19/22 at 6:21 pm to stout
shite there is still so many pesos in the market it won’t hurt too much
Posted on 4/19/22 at 6:22 pm to stout
Holy shite. Less than 3 years ago it was sub 3. shite.
Posted on 4/19/22 at 6:24 pm to stout
Biden's America 
Most votes ever.
Most votes ever.
Posted on 4/19/22 at 6:25 pm to Oilfieldbiology
quote:
Holy shite. Less than 3 years ago it was sub 3. shite.
Less than three years ago? I got 2.75% a year ago
Posted on 4/19/22 at 6:26 pm to Joshjrn
I should have refinanced agin. Locked in at 30 year 3.25%. Oh well.
At least that’s one thing that is (was) better than when my parents bought.
At least that’s one thing that is (was) better than when my parents bought.
Posted on 4/19/22 at 6:27 pm to stout
Say goodbye to McMansions and Forever Homes. Good riddance. It’s time for the American middle class to start saving money again instead of living faux rich on long term credit.
Posted on 4/19/22 at 6:27 pm to Oilfieldbiology
quote:
Holy shite. Less than 3 years ago it was sub 3. shite.
Try 8 months ago.
Posted on 4/19/22 at 6:28 pm to Oilfieldbiology
I managed to catch just about the bottom on rates on ours for a refi - 2.375%
This post was edited on 4/19/22 at 6:29 pm
Posted on 4/19/22 at 6:29 pm to stout
Maybe they will start building 1500 sq ft 3/2 homes with cheap counters and builder grade fixtures again, you know the houses people earning under 100k shoulda been buying all along
Posted on 4/19/22 at 6:29 pm to stout
20 years ago that was a great rate. Free money can't last forever. You Millennials need some perspective.
Posted on 4/19/22 at 6:30 pm to Joshjrn
Yeah we got locked in 2.25% back in May of last year
Not only that, but I bought a house in a prime area in Little Rock for $88 a square foot
Lets goooo
Not only that, but I bought a house in a prime area in Little Rock for $88 a square foot
Lets goooo
Posted on 4/19/22 at 6:31 pm to Codythetiger
quote:
Not only that, but I bought a house in a prime area in Little Rock for $88 a square foot
Well, no one wants to live in Little Rock so...
Posted on 4/19/22 at 6:31 pm to stout
Good. Time for these kids today to pay what I paid in way back 00. Work hard and zip your lips as well, you Tikagram uptonogoods.
Posted on 4/19/22 at 6:31 pm to stout
I bought my first house 20 years ago, and I know for a fact rates haven’t been over 6ish % in that time. I was encouraged to buy for several years prior to that, going back to the mid-90s, so I suspect rates were lower then as well.
So probably highest rates in at least 25 years.
Posted on 4/19/22 at 6:32 pm to TheHarahanian
My first mortgage was 6.8% in 2005 or 2006.
Posted on 4/19/22 at 6:34 pm to Codythetiger
quote:
prime area in Little Rock
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