Article

2022-03-15 Economy

US Mortgage Rates Soar To 4.43%, Up 55% Under Biden/Pelosi/Schumer As Fed Rate Hikes Loom

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Posted by Thing From Snowy Mountain 2022-03-15 13:45|| E-Mail|| Front Page|| [10 views ] Top

#1 I remember when they were 17/18%. 20% down. Balloon mortgages. Ah the good old days...

Posted by BrerRabbit 2022-03-15 14:03|| 2022-03-15 14:03|| Front Page Top

#2 As someone without a mortgage but trying to live on savings, this does not offend me...

Posted by Glenmore 2022-03-15 14:29|| 2022-03-15 14:29|| Front Page Top

#3 My 'investments' (retirement income stream) are over weighted in cash and energy and under weighted in other stocks and bonds. So, I am doing ok for now.

Posted by Glenmore 2022-03-15 14:31|| 2022-03-15 14:31|| Front Page Top

#4 It was 10% for me in 1993. Plan and save kids.

Posted by Procopius2k 2022-03-15 15:23|| 2022-03-15 15:23|| Front Page Top

#5 There is a reason I did my refi last September and got a lower rate than most people I know. This and inflation were on the horizon.

Posted by DarthVader 2022-03-15 15:25|| 2022-03-15 15:25|| Front Page Top

#6 I just did my refi. 3.23% interest.

Posted by Deacon Blues 2022-03-15 16:55|| 2022-03-15 16:55|| Front Page Top

#7 We bought our first house in 1982. We caught a dip in the interest rate, which before and after was around 21% for an FHA mortgage with $2,000 down.

When trailing daughter #2 and her husband bought in Dallas in 2016, the issue wasn’t interest rates but a strong imbalance between buyers and sellers. Buyers were making no-conditions, above-asking-price offers sight unseen, driving average prices up 1% per month... and it’s only gotten worse there since then.

Posted by 1%trailing wife 2022-03-15 18:48|| 2022-03-15 18:48|| Front Page Top

#8 1973 closed at 8% moving in for $300 G.I.( down) and paid off loan in 2002.Home cost $29,000 and current market $600,000 California.

Posted by crazyhorse 2022-03-15 19:52|| 2022-03-15 19:52|| Front Page Top

23:09 SteveS
23:07 trailing wife
22:52 SteveS
22:49 Chris
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22:25 trailing wife
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21:22 badanov
20:58 Procopius2k
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