I envy those who were able to refinance in the low 2%. That’s life changing.
And I thought rates were high now. Looks like we’re just returning to the historical norm
Shout out to my fellow mortgage refinancers of 2020-21. We will never move.
One of the main problems the fact the housing market is way over bloated and simply not worth it. In TX, a $450k home, with 2.5% property tax (it ranges 1.5 to 4 ish%), plus insurance would cost 4500 to $5k per month.
Who makes these websites with a few random data series and nothing else but ads? You could find this on FRED and it would be way more useful.
Seriously, “wealthvieu”!?
Don’t forget the most important part. Homes in 1980 were $50,000 – 60,000.
17% on $60,000 vs 7% on a current $500,000 home
born at the high, bought at the low.
Rates are actually normalized…house prices? No.
We refied like most in ‘21. We went from a 30yr to a 20 yr. And I think we went from 4.125 to 3. The new mortgage will save us nearly $100k in interest over the previous mortgage.
My fiance and I bought our first home at 9.0% in 3023. We just refinanced at the beginning for 2025 at 5.1% and we couldn’t be any happier. Interest is such a scam
Got at 2.95 in 2021. Seller said he wanted to self finance me for 10 years and renegotiate after 10 and I said no thanks. I knew rates would never be as low as they were then.
I bought my house at the end of 2020 at 3.12%. Best decision I ever made.
I was going through estate stuff for my dad and realized his mortgage rate was 17% originally. He also had six kids and a stay at home wife. The cost of life has just been rearranged.
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Now do wages:price over the same period
I envy those who were able to refinance in the low 2%. That’s life changing.
And I thought rates were high now. Looks like we’re just returning to the historical norm
Shout out to my fellow mortgage refinancers of 2020-21. We will never move.
One of the main problems the fact the housing market is way over bloated and simply not worth it. In TX, a $450k home, with 2.5% property tax (it ranges 1.5 to 4 ish%), plus insurance would cost 4500 to $5k per month.
Who makes these websites with a few random data series and nothing else but ads? You could find this on FRED and it would be way more useful.
Seriously, “wealthvieu”!?
Don’t forget the most important part. Homes in 1980 were $50,000 – 60,000.
17% on $60,000 vs 7% on a current $500,000 home
born at the high, bought at the low.
Rates are actually normalized…house prices? No.
We refied like most in ‘21. We went from a 30yr to a 20 yr. And I think we went from 4.125 to 3. The new mortgage will save us nearly $100k in interest over the previous mortgage.
My fiance and I bought our first home at 9.0% in 3023. We just refinanced at the beginning for 2025 at 5.1% and we couldn’t be any happier. Interest is such a scam
Got at 2.95 in 2021. Seller said he wanted to self finance me for 10 years and renegotiate after 10 and I said no thanks. I knew rates would never be as low as they were then.
I bought my house at the end of 2020 at 3.12%. Best decision I ever made.
I was going through estate stuff for my dad and realized his mortgage rate was 17% originally. He also had six kids and a stay at home wife. The cost of life has just been rearranged.
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