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Posted on 12/12/24 at 3:20 am to Gifman
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 on 12/12/24 at 4:17 am to kywildcatfanone
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 on 12/12/24 at 6:11 am to el Gaucho
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 on 12/12/24 at 6:16 am to jbraua
Pay cash and don’t worry about it. Buy what you can afford.
Posted on 12/12/24 at 7:10 am to Gifman
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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