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re: Finance people, will interest rates ever be as low as they were in 2020 again?

Posted on 12/11/24 at 9:43 pm to
Posted by Grinder
Member since Nov 2007
2685 posts
Posted on 12/11/24 at 9:43 pm to
No
Posted by FLObserver
Jacksonville
Member since Nov 2005
16097 posts
Posted on 12/12/24 at 3:20 am to
quote:

4.5%.

I believe this will probably be the lowest we will get for a very long time unless we get another financial crisis like 2007/2008.
This post was edited on 12/12/24 at 3:21 am
Posted by shoelessjoe
Member since Jul 2006
11402 posts
Posted on 12/12/24 at 4:17 am to
quote:

No, probably lows might hit 4.


I am hoping for 4.5/5.0 just so I can refinance. Started building when rates were low but due to Covid and Hurricane Ida, we had shortages of materials that caused the finish time to be when rates had risen to 6/7.
Posted by Hayekian serf
GA
Member since Dec 2020
4200 posts
Posted on 12/12/24 at 4:47 am to
No
Posted by Stinger_1066
On a golf course
Member since Jul 2021
2899 posts
Posted on 12/12/24 at 6:11 am to
quote:


No

If you didn’t buy a house then you’ll never own one


Sorry millenials


I bought my first home in 1986. The rate was 11.5% fixed, 30 years.

It can be done.
Posted by BabyTac
Austin, TX
Member since Jun 2008
16660 posts
Posted on 12/12/24 at 6:16 am to
Pay cash and don’t worry about it. Buy what you can afford.
Posted by VolSquatch
First Coast
Member since Sep 2023
8364 posts
Posted on 12/12/24 at 7:10 am to
quote:

The real problem is over-inflated home prices, not interest rates.


But I don't think the government will want home values to decrease much because of all the implications for homeowners. A home is most people's largest investment.

So if you don't want values to go down you have to hit rates at some point. I think if rates don't get back into the 4s you'll see some kind of government intervention under a democratic president either after 2028 or 2032

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