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re: Average 30-year fixed mortgage rates hit 6.875% this week
Posted on 4/19/22 at 6:34 pm to TheHarahanian
Posted on 4/19/22 at 6:34 pm to TheHarahanian
quote:
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.
200-2001 they were over 7
2
Posted on 4/19/22 at 6:34 pm to stout
6.8%? Where are you seeing this
Posted on 4/19/22 at 6:35 pm to TheHarahanian
quote:
So probably highest rates in at least 25 years.
Posted on 4/19/22 at 6:35 pm to stout
Do you have a link for that? I haven't seen that anywhere.
This post was edited on 4/19/22 at 6:36 pm
Posted on 4/19/22 at 6:35 pm to Sao
quote:
Time for these kids today to pay what I paid in way back 00.
If only we could pay what you paid for school and a car too.
Posted on 4/19/22 at 6:36 pm to fallguy_1978
quote:
My first mortgage was 6.8% in 2005 or 2006.
Hell I refinanced my first mortgage to get to 6.5 around the same time and the mortgage folks said “you are wise to do it now. They will never be this low again”
Posted on 4/19/22 at 6:36 pm to TigerTatorTots
quote:
6.8%? Where are you seeing this
It hit that yesterday. Today it dropped a little and was at 6.378%
quote:
Today’s 30-year fixed-rate mortgage rates
The 30-year rate is 6.378%.
That’s a one-day decrease of 0.497 percentage points.
That’s a one-month increase of 1.427 percentage points.
LINK
This post was edited on 4/19/22 at 6:37 pm
Posted on 4/19/22 at 6:36 pm to fallguy_1978
Mine was 6.275 in 00. I'll have to ask mom what theirs was on this home in 78. Had to have been mid teens
Posted on 4/19/22 at 6:36 pm to stout
I saw this tik tok recently where they interview a guy who serves eviction/forclosure notices to people (up around Boston) said he’s the busiest he’s ever been
Posted on 4/19/22 at 6:36 pm to stout
We locked in at 5.0 just two weeks ago.
Posted on 4/19/22 at 6:37 pm to Dawgfanman
quote:
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
Haha you’re funny.
Posted on 4/19/22 at 6:38 pm to Sao
It might have been 6.4%. Hell, I can't remember exactly but it was definitely well over 6%. We didn't pay that rate for long because the economy tanked a few years later.
My parents bought their first home in 1978 too.
My parents bought their first home in 1978 too.
This post was edited on 4/19/22 at 6:39 pm
Posted on 4/19/22 at 6:38 pm to bbap
quote:
Do you have a link for that? I haven't seen that anywhere.
I linked it in my previous post
Posted on 4/19/22 at 6:39 pm to fallguy_1978
Mine was 6.5% back in 2004.....refinanced at 4.25 in 2009, then got a 15 year at 2.5% in 2013, so I'm counting the days to payoff:).
This post was edited on 4/19/22 at 6:53 pm
Posted on 4/19/22 at 6:39 pm to Shaun176
quote:
20 years ago that was a great rate. Free money can't last forever. You Millennials need some perspective.
And you Boomers are the sole reason for the terrible condition the country is in.
Boomers own this entire shite show. From the pedos, to the corrupt government, to the highest crime rates to the fake Democrat vs Republican BS and biggest racial divide since slavery. Remember that.
This post was edited on 4/19/22 at 6:40 pm
Posted on 4/19/22 at 6:40 pm to Oilfieldbiology
quote:
Holy shite. Less than 3 years ago it was sub 3. shite.
I just refinanced at 2.125% fixed in Jan 2022.
Posted on 4/19/22 at 6:42 pm to fallguy_1978
quote:
It might have been 6.4%. Hell, I can't remember exactly but it was definitely well over 6%. We didn't pay that rate for long because the economy tanked a few years later.
My parents bought their first home in 1978 too.
We put down 10% and kind of got lucky w a family friend as a mort broker. Ended up with an outfit at 6.275 who sold the contract and eventually we ended up w Wells Fargo by 2001. Pre 9/11.
Posted on 4/19/22 at 6:42 pm to fallguy_1978
We bought our first home in 1990. Owner cut us a deal and financed it for us. 10%. Bank rate was higher than that.
We bought another house 2 years ago and I believe it was 3.12.
We bought another house 2 years ago and I believe it was 3.12.
Posted on 4/19/22 at 6:43 pm to sparkinator
No need to worry. The Biden administration is going to forgive all student loans. More free money for everyone.
Posted on 4/19/22 at 6:43 pm to shawnlsu
quote:
biggest racial divide since slavery
Well this ain’t true
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