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Started By
Message
re: Average 30-year fixed mortgage rates hit 6.875% this week
Posted on 4/21/22 at 2:55 pm to bhtigerfan
Posted on 4/21/22 at 2:55 pm to bhtigerfan
quote:
My interest rate is 0.0% also. Paid that bitch off a year and a half ago.
How many months did you have left on the mortgage?
If less than 10 then you paid off mostly principal.
0
Posted on 4/21/22 at 3:42 pm to stout
Those mortgage company commercials that have warned us for five years that rates could go up any day are finally correct! Like the Gold Bugs and broken clocks.
Posted on 4/21/22 at 3:49 pm to Bamafig
Here is Louisiana the amount of mortgages being processed and logged at the courthouse have been cut almost in half since December. Refis are obviously most of that.
Posted on 4/21/22 at 3:51 pm to Lsupimp
quote:
Refis are obviously most of that.
Refis are dead.
Better.com just did its third round of mass layoffs since December.
Posted on 4/21/22 at 3:54 pm to AkronTiger
quote:
where in the US today are you able to buy a house for $125k?
quote:
Akron baw
Maybe in Kenmore, and no one wants to live there if they can help it.
Posted on 4/21/22 at 3:59 pm to Joshjrn
quote:
Less than three years ago? I got 2.75% a year ago
I got 2.75% a month ago. (15 year fixed)
Posted on 4/21/22 at 4:11 pm to JohnnyKilroy
I'm currently in the house hunting process for my first home in Central Texas. While seeing the rates going up is annoying, I also know historically rates fall between 4-6%. What we saw the last few years was an aberration. The real pain is how hot the market is here, homes going a fair amount above list. Combination of low supply and high demand, as well as people trying to scramble to buy something before rates continue to climb. I have half a mind to just pause my search, renew my lease for 6 months and reasses in the winter. After which several new subdivisions should be built.
Posted on 4/21/22 at 4:13 pm to Oilfieldbiology
quote:
At least that’s one thing that is (was) better than when my parents bought.
All relative. They bought CD's that paid 20%
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