| Submit your comments on this article |
| Economy |
| US Mortgage Rates Soar To 4.43%, Up 55% Under Biden/Pelosi/Schumer As Fed Rate Hikes Loom |
| 2022-03-15 |
| [ConfoundedInterest] |
| Posted by:Thing From Snowy Mountain |
| #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 |
| #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 |
| #6 I just did my refi. 3.23% interest. |
| Posted by: Deacon Blues 2022-03-15 16:55 |
| #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 |
| #4 It was 10% for me in 1993. Plan and save kids. |
| Posted by: Procopius2k 2022-03-15 15:23 |
| #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 |
| #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 |
| #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 |