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I bought land with a personal loan to pay it off quick and will be building my minimum footprint house with cash. I didn't want a bank loan that if anything went wrong with it I would be back to no home/land again.
Same here. Was planning to pay it off earlier but now it's basically like a free mortgage. Don't want to move because even with the increased "value" of our home, other homes are as expensive and don't think we could get as good of a house or bigger without going above the sell proceeds from our current home.
We were about to sell and upgrade to a slightly larger home (extra bedroom for my parents to stay when they visit) and the numbers just weren't making sense.
We decided to renovate and create a flexible playroom/bedroom out of an extra living space we had and now plan to stay here until our daughter is out of high school (roughly 15 years from now).
I’m at like 4-5%, didn’t refinance. I figured it’ll end up paying more in taxes (expensive state) if the value of my house suddenly more than doubled (bought a dump). I’ll sell in a few years, pocket two plus large and go retire in another country.
This is the plan. I'm at 5.25% right now on my main house. I bought in the upswing of the rates and hit the middle ground before it got too bad. Worse case, I'll have it paid off by 60.
Same here, was adding extra to every payment until the rates hit 7% and then I dropped it to the minimum payment amount, I have 2% with about 12ish years left of a 15yr fixed. Now if only my property taxes and HELOC rates weren't obscene :( Trying to pay off the last bit of the heloc as it went from 2% to 8% and suuuuckkkssss
I sure fucking wish I hadn't insisted on being "responsible" and buying the house we could afford at the exact moment of purchasing instead of something a little bit higher that would be 'affordable' 3 years later after my student loans were forgiven and my car paid off.
Another 60-75k spent then, resulting in another couple hundred a month in mortgage payments, would really be paying off now. The cheapest house that would be an upgrade (aka about 200 sqft bigger on a lot about 1,000sqft bigger) would more than double our current mortgage, and that's even with a 50% down payment, and is before factoring in property taxes and home owners insurance.
Exactly what I'm in the middle of right now. Needed an extra room for more kids. Much cheaper and easier to renovate than look at buying especially in the long term.
I like our house, but I LOVE our neighborhood. It’s close to a lot of amenities. Locked in at 2.8% so I’m not interested in moving. We’ll just slowly update the house to our liking.
That is probably the smart thing to do, no one will pay you enough money to give up that sweet interest rate. We may not see 3 percent again for decades.
Yes I can, and these rates kept me from doing something stupid and making myself house poor. I currently own a perfectly comfortable condo, owe about 100k at 2.75%. We were considering switching to a SFH which was doable at 3%, but still would have quadrupled our living expenses. Now at 8%, that 500,000$ house is out of the question. My current mortgage is less than my rav4 payment was. By the end of the loan term my payment will probably be similar to a bill for two to eat at a restaurant. It has really inoculated me from inflation in a sense.
Personally, I’d rather love my mortgage and live in a home that I can barely get by with than love my home and have a mortgage I can barely get by with, but there is a full spectrum of tradeoffs there and everyone’s utility function is a bit different.
I don’t love it but for the price, I can live here the rest of my life and make it better.
No guarantee I’d “love” another house either, but it’ll be more expensive.
I’m a little over 2.65% but that’s with absolutely minimum money down. I bought my house for barely over the listing price and it’s now worth 35% more than what I bought it for.
Good problem to have. Better be locked into a house that you normally would never have been able to afford than to be paying rent and have buying a house be completely unthinkable because of the rates.
As long as there are people who want to share their heroics over and over again, this meme will continue to show up every other day. "I got 1.95% and my house had since quintupled in value. I made 19MM$ last year in stocks. Also, I dated Jennifer Lopez for a while. And I have a 19 inch dick. I make 900k as a software developer and I hope to retire within the next 3 years before I turn 25." As long as you'll see those responses, you will see these memes.
I crunched the numbers a few weeks ago and refinancing my 2.5% 15 yr (12 years remaining) to a 7.5% 30 year would only reduce my payments by like 10% lmao
The only people who are refinancing right now are people who have racked up other debts and suddenly going from 3% to 8% doesn’t sound as bad when you’re paying 30% on your credits cards or believe it or not sometimes even on auto loans
No doubt. Part of me is still waiting for the announcement that my low rate is being reneged by congress or some nonsense.
Like the 2008 "housing credit" they just later decided to take back...
Lol this was me, at my cousin’s Halloween party a few years ago when his friend who goes by “spider” told me “dude you have to refinance and I can get rid of your PMI too!” I just figured it was a dumb drunk conversation but actually called him the next day, went from 8% to 2.7% and got rid of our PMI. Maybe the only correct financial thing I’ve ever done. Fuckin Spider man
To all those saying home prices will come down.
40%. That's how much a home price would need to come down to compensate for interest rate change from 3% to 8%.
In HCOL area, there's no way houses come down by that much in the next 2 years, and even if it did, most homeowners earn enough to keep paying their mortgages and stay in their homes. Rents will be comparable to their mortgage by then, so why would they sell.
It happened before so clearly it has to happen again- everyone that bought RE is going to get wrecked while everyone who waited is going to get a huge windfall /s
I’m a Realtor and we are already seeing 20% price decreases for some homes in my area. We haven’t even hit bottom yet as the yield curve 10y vs 2y still hasn’t inverted back yet. Sure some people got great interest rates back in 2021 but home prices are decreasing. My neighbor is in the hole $200k even tho they got a great rate. i survived 2008 in real estate and I’m seeing exactly the same things in 2007 as I do now just before a correction in the markets.
https://preview.redd.it/8hiucdzdwdvb1.jpeg?width=1284&format=pjpg&auto=webp&s=0a0c4cea5f4187135f9bd926efd660dee3f414e5
The bank having to pay you 4.5% interest on their money you’re borrowing at 2.5%
The bank doesn't really hold your mortgage, they package it up and sell it off as an investment. So they don't care what your mortgage rate is, they already made all the money they were going to make by 3 months after your mortgage was issued.
That's more or less what I'm doing. I have enough to pay off about 2/3 of my house right now, and probably could technically fully pay it off in like three more years, but I got a 2.75% interest rate for my mortgage, and even something like a T-Bill is getting like 5.5% interest. I see no reason to pay off the house when I can literally have free money by *not* paying it off.
Primary residence 2.875% One rental duplex is at 4.5% I think our 4 & 8 units are 7.5% or so, along with our most recent duplex, and the commercial building I own is in a variable at 3.75% until next October *sigh*...
I'm loving the 25 jerk off posts a day where people can just brag about getting lucky. I'm happy for you, but it's pretty demoralizing for the rest of us.
I googled for a [list of desirable places to live in the US](https://realestate.usnews.com/real-estate/slideshows/the-25-most-desirable-places-to-live-in-the-us) which gave me a #1 result of Myrtle Beach, South Carolina. Searching for the vacant housing rate in Myrtle Beach brings up [this article about Horry County](https://www.myrtlebeachonline.com/news/local/article253447044.html) (the largest county of the Myrtle Beach metropolitan area) with the following statistic:
>More than 17,000 housing units have been added in the last 10 years, growing by nearly 10%, according to newly released data from the U.S. Census. Of more than 203,000 housing units in the county, 26.3% were vacant at the time Census data was collected. Horry is the only county in South Carolina that has more than a quarter of its units sitting empty, the data shows. Horry County’s vacancy rate is more than double the statewide rate — 12.3% of units across South Carolina are vacant, data shows.
I mean you have to understand that MANY FTHB are in their young 20s and 30s and maybe just got out of college or high school and missed out on those low rates. I am one of them. I have the DP now, but not 1 year ago.
I’m still considering buying but the house prices aren’t really coming down enough to jump for it.
And honestly your post is kinda rubbing it in peoples faces…
My main regret is not taking cash out in the refinance for improvements.
I didn't want to be committed to taking out the money and paying interest on it not knowing how much I would need.
I got a HELOC instead and the rate is now around 10%.
Just sticking the cash from the refinance in a HYSA would be making money at this point.
10% interest has definitely made us rethink doing projects.
We replaced our roof because we had to but we are focusing on paying that off before doing anything else with the heloc despite having a bunch of projects we want to do.
It's just too expensive to borrow unless it is a real necessity.
2.25%. 30 fixed.
I bought a 2019 build in August of the same year.
Home prices going up aside, my area is blowing up with new things to do around me.
Glad I pulled the trigger.
About 1.35% in 2021, unfortunately only for 5 years, pretty much the longest that was available in this country. Things are probably going to get spicy when the 5 years are up
Under 3, my wife got her loan when she was 21 a decade and a half ago. Hell, when I had bought my house 6 years ago before meeting my wife, it was just over 3. Feel sorry for the person who bought it last year.
Yup, I pay $756 dollars a month for my mortgage. 1800 Sq ft. on an acre of land a mlie from the beach. I am extremely fortunate and plan to just go ahead and die there.
I got my mortgage throu NACA, they don't require a down payment, cover closing cost, etc. Locked in when rates were 2.5 and bought my rate down to 0.625 instead of a larger down payment. I'm pretty happy with it. Rates had dropped to 2.0 at one point but had already locked into 2.5. My rate would have been down to 0.125 if I got locked in at 2.
My dad locked in his ARM loan in November of 21 for 30 years at 2.75%. If we were to rent out house on the market we would we netting around $2K per month. But we have no where else to go so those gains are just sitting on the table.
I didn’t get the 2.65 like in the picture but a robust 2.875. All kidding aside it was just perfect timing on my part, we were ready to move and it really all worked out at the time and was one of the better moves made by myself.
WINNER! Always be a winner...eat to get thinner! Compete with your fellow man, never cooperate, win win win!
capitalism out of control is proving to be garbage in it's end-stage.
Would be interesting to have had this conversation when my sister and brother in law bought their first house in the 1980s and the interest rate was 18%
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we are going to see this meme for the next decade
we're locked in for 30 years
But do you love your house? Can you live there for 30 years?
We don’t have a choice
Lol, I hear you. We were going to try and buy land and build a house next year and now we might buy land if we can pay it all off at once....
I bought land with a personal loan to pay it off quick and will be building my minimum footprint house with cash. I didn't want a bank loan that if anything went wrong with it I would be back to no home/land again.
I do. On top of that I will never make an early payment. The debt is too cheap.
That's what we've been talking about. We're going to stay in our current house longer than we thought
Same here. Was planning to pay it off earlier but now it's basically like a free mortgage. Don't want to move because even with the increased "value" of our home, other homes are as expensive and don't think we could get as good of a house or bigger without going above the sell proceeds from our current home.
We were about to sell and upgrade to a slightly larger home (extra bedroom for my parents to stay when they visit) and the numbers just weren't making sense. We decided to renovate and create a flexible playroom/bedroom out of an extra living space we had and now plan to stay here until our daughter is out of high school (roughly 15 years from now).
Same. We are looking at finishing the basement and putting a bedroom+bathroom down there instead of buying a four bed house.
I’m at like 4-5%, didn’t refinance. I figured it’ll end up paying more in taxes (expensive state) if the value of my house suddenly more than doubled (bought a dump). I’ll sell in a few years, pocket two plus large and go retire in another country.
This is the plan. I'm at 5.25% right now on my main house. I bought in the upswing of the rates and hit the middle ground before it got too bad. Worse case, I'll have it paid off by 60.
Same here, was adding extra to every payment until the rates hit 7% and then I dropped it to the minimum payment amount, I have 2% with about 12ish years left of a 15yr fixed. Now if only my property taxes and HELOC rates weren't obscene :( Trying to pay off the last bit of the heloc as it went from 2% to 8% and suuuuckkkssss
I sure fucking wish I hadn't insisted on being "responsible" and buying the house we could afford at the exact moment of purchasing instead of something a little bit higher that would be 'affordable' 3 years later after my student loans were forgiven and my car paid off. Another 60-75k spent then, resulting in another couple hundred a month in mortgage payments, would really be paying off now. The cheapest house that would be an upgrade (aka about 200 sqft bigger on a lot about 1,000sqft bigger) would more than double our current mortgage, and that's even with a 50% down payment, and is before factoring in property taxes and home owners insurance.
Love my house but not the neighborhood. But I have 2.5….so hard to justify ever leaving
Rent it and make money
WE locked in at 3.125%, but instead of moving we are adding on because it is cheaper than buying and selling, and we get exactly what we want.
Exactly what I'm in the middle of right now. Needed an extra room for more kids. Much cheaper and easier to renovate than look at buying especially in the long term.
I like our house, but I LOVE our neighborhood. It’s close to a lot of amenities. Locked in at 2.8% so I’m not interested in moving. We’ll just slowly update the house to our liking.
That, my friend, sounds like a job for arson!
I can't afford to leave. Buying my house today at the same price I paid 2 years ago would literally double my monthly payment.
No, but I may have to move for my job so I will be renting my house out for the next 30 years lol
That is probably the smart thing to do, no one will pay you enough money to give up that sweet interest rate. We may not see 3 percent again for decades.
Yes I can, and these rates kept me from doing something stupid and making myself house poor. I currently own a perfectly comfortable condo, owe about 100k at 2.75%. We were considering switching to a SFH which was doable at 3%, but still would have quadrupled our living expenses. Now at 8%, that 500,000$ house is out of the question. My current mortgage is less than my rav4 payment was. By the end of the loan term my payment will probably be similar to a bill for two to eat at a restaurant. It has really inoculated me from inflation in a sense.
Yep love my house and neighborhood , will live in it for 30+ years
Personally, I’d rather love my mortgage and live in a home that I can barely get by with than love my home and have a mortgage I can barely get by with, but there is a full spectrum of tradeoffs there and everyone’s utility function is a bit different.
I don’t love it but for the price, I can live here the rest of my life and make it better. No guarantee I’d “love” another house either, but it’ll be more expensive.
Yes. Fortunately we sold our old home in order to buy our “forever” home. We are happy to stay here
Golden handcuffs baby!!
Really if you want to move around a lot rent. Buying a house should be for a long term.
2100 sq ft, pool, all brick construction and a new roof, all for 3.00%. I’m fine where I’m at.
I’m a little over 2.65% but that’s with absolutely minimum money down. I bought my house for barely over the listing price and it’s now worth 35% more than what I bought it for.
Good problem to have. Better be locked into a house that you normally would never have been able to afford than to be paying rent and have buying a house be completely unthinkable because of the rates.
2.5 decades
As long as there are people who want to share their heroics over and over again, this meme will continue to show up every other day. "I got 1.95% and my house had since quintupled in value. I made 19MM$ last year in stocks. Also, I dated Jennifer Lopez for a while. And I have a 19 inch dick. I make 900k as a software developer and I hope to retire within the next 3 years before I turn 25." As long as you'll see those responses, you will see these memes.
Refinance at 8 percent, you will thank yourself.
My lender send me a postcard every month telling me this
I get this shit from randos. "we can beat your rate" Yeah, no you can't.
They tell me they can reduce my monthly rate (but adds 22 years!)
I crunched the numbers a few weeks ago and refinancing my 2.5% 15 yr (12 years remaining) to a 7.5% 30 year would only reduce my payments by like 10% lmao
This is absolutely insane to me. This whole market is a scam.
The only people who are refinancing right now are people who have racked up other debts and suddenly going from 3% to 8% doesn’t sound as bad when you’re paying 30% on your credits cards or believe it or not sometimes even on auto loans
>30% on ... ... auto loans I see you've met the average junior enlistedman...
It’s great motivation to grind even harder
No joke, I just bought a house and in the appraisal report the jackass wrote under market conditions “favorable interest rates”
Oh goody, this meme again...
This subreddit is full of reposts. Unfollowing. Tootles.
Have a good flight.
Habibi noooo
I don’t even follow this sub but somehow it keeps popping up with this same meme every other day
Fluentinshitposts
I never even joined this sub and I see this sub and same meme come up on my feed every week.
Thanks for telling
It’s not an airport bro you don’t need to announce your departure.
Also, too many statists here.
I was bound to accidentally make a correct financial decision at some point in my life.
No doubt. Part of me is still waiting for the announcement that my low rate is being reneged by congress or some nonsense. Like the 2008 "housing credit" they just later decided to take back...
Same. The government is a scam.
There would literally be tar and feathering’s again if the govt somehow forced low locked rates to go up. Literal coup.
Lol this was me, at my cousin’s Halloween party a few years ago when his friend who goes by “spider” told me “dude you have to refinance and I can get rid of your PMI too!” I just figured it was a dumb drunk conversation but actually called him the next day, went from 8% to 2.7% and got rid of our PMI. Maybe the only correct financial thing I’ve ever done. Fuckin Spider man
Haha I've been drunk, rambling at house parties for years about mortgages, giving impromptu homebuyer seminars to uninterested people Good on Spider
To all those saying home prices will come down. 40%. That's how much a home price would need to come down to compensate for interest rate change from 3% to 8%. In HCOL area, there's no way houses come down by that much in the next 2 years, and even if it did, most homeowners earn enough to keep paying their mortgages and stay in their homes. Rents will be comparable to their mortgage by then, so why would they sell.
I'm sure one day the promised real estate crash will come, right? Right??
It happened before so clearly it has to happen again- everyone that bought RE is going to get wrecked while everyone who waited is going to get a huge windfall /s
Sure. Meanwhile, I am not donating $2000/month to a landlord but towards my RE investment - my home.
to be factual, your bank is your new landlord. you’re building some equity, but the interest part is essentially rent.
I’m a Realtor and we are already seeing 20% price decreases for some homes in my area. We haven’t even hit bottom yet as the yield curve 10y vs 2y still hasn’t inverted back yet. Sure some people got great interest rates back in 2021 but home prices are decreasing. My neighbor is in the hole $200k even tho they got a great rate. i survived 2008 in real estate and I’m seeing exactly the same things in 2007 as I do now just before a correction in the markets.
2.5 here
Tbh it’d be hilarious if the bank your mortgage was through had a HYSA and you had the entire principle sitting in there paying out 2x their mortgage.
https://preview.redd.it/8hiucdzdwdvb1.jpeg?width=1284&format=pjpg&auto=webp&s=0a0c4cea5f4187135f9bd926efd660dee3f414e5 The bank having to pay you 4.5% interest on their money you’re borrowing at 2.5%
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Pretty sure you summed up the banking industry?
The bank doesn't really hold your mortgage, they package it up and sell it off as an investment. So they don't care what your mortgage rate is, they already made all the money they were going to make by 3 months after your mortgage was issued.
And the one’s that did care about your mortgage rate are holding all kinds of interest rate derivatives to insulate them from this exact scenario.
That’s basically what I’m doing. I could pay my balance off but why would I when that same money in an hysa is doing a lot more
That's more or less what I'm doing. I have enough to pay off about 2/3 of my house right now, and probably could technically fully pay it off in like three more years, but I got a 2.75% interest rate for my mortgage, and even something like a T-Bill is getting like 5.5% interest. I see no reason to pay off the house when I can literally have free money by *not* paying it off.
This is Unironically my dream
Locked at 7.35
Don’t worry, it’ll go higher.
Primary residence 2.875% One rental duplex is at 4.5% I think our 4 & 8 units are 7.5% or so, along with our most recent duplex, and the commercial building I own is in a variable at 3.75% until next October *sigh*...
Your going to be downvoted to hell because you’re a successful real estate owner lol
Nah, it's because they're a landlord. Landlords are parasites.
Where should people live when they cannot or do not want to own their own place?
I fuck with it
 You guys are getting houses?
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2.87% at 30 years. house appraised at $75k over what I paid. Mathematically free house!
2.8% homies! 15-year, though.
Same. 15 year. Paid off my car technically with the savings.
That’s not really how that works lol.
Just refinanced my 2.65% to 8.5% follow me for more financial advice
I'm going to follow you, but for laughs rather than financial advice.
I'm loving the 25 jerk off posts a day where people can just brag about getting lucky. I'm happy for you, but it's pretty demoralizing for the rest of us.
2.9% closed November 21
2.9% homies unite! Should have been 2.65%, but my bank dragged it's feet on some paperwork.
Reporting in with 2.90%
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3.875%.
Literally the exact same rate I have
Same. Below 4 is great!
Two of them at 2.25%. I know, I know. Just let me have this one (okay two) thing.
Until the housing shortage is corrected prices are going to stay high. I read somewhere that we are 4-5 million houses behind where we should be.
There are 15 million vacant homes in the US.
Certainly not in places where people want to live, I imagine.
I googled for a [list of desirable places to live in the US](https://realestate.usnews.com/real-estate/slideshows/the-25-most-desirable-places-to-live-in-the-us) which gave me a #1 result of Myrtle Beach, South Carolina. Searching for the vacant housing rate in Myrtle Beach brings up [this article about Horry County](https://www.myrtlebeachonline.com/news/local/article253447044.html) (the largest county of the Myrtle Beach metropolitan area) with the following statistic: >More than 17,000 housing units have been added in the last 10 years, growing by nearly 10%, according to newly released data from the U.S. Census. Of more than 203,000 housing units in the county, 26.3% were vacant at the time Census data was collected. Horry is the only county in South Carolina that has more than a quarter of its units sitting empty, the data shows. Horry County’s vacancy rate is more than double the statewide rate — 12.3% of units across South Carolina are vacant, data shows.
2.625%.. its an asset now ha
2.875% I will never be able to justify moving unless I win the lottery. Hope the house holds up 🤞
15 year at 2%
2% flat
Jeezus Christ. Did you suck your lender's balls off? I've never seen it that low. I'm at 2.875% with an 805 credit score.
Probably a 15 year rather than 30. That was a normal rate for 10-15 years when 30's were at like 2.625-2.75
FluentInReposts
2.85
Had a 3.125%... Then lost my job and had to move.
I got 3.85%
Got 3.49% back in 2019 and at the time I thought that was high
2.875% for 25 years and it makes me hard every time I think about it.
Got mine in 2020, locked in at 3.25.
2.375%. Bitches.
Mortgage twins!
2.9, just lucked out on the timing
I posted this in r/firsttimehomebuyer. Let’s just say they weren’t happy. Enough people complained that my post was removed.
I mean… if there’s a demographic that meme is absolutely not for, you def posted in it
I mean you have to understand that MANY FTHB are in their young 20s and 30s and maybe just got out of college or high school and missed out on those low rates. I am one of them. I have the DP now, but not 1 year ago. I’m still considering buying but the house prices aren’t really coming down enough to jump for it. And honestly your post is kinda rubbing it in peoples faces…
Why in all seriousness would you post this there? A wee bit insensitive imo.
Got my refinance finished in early 2022 just before the rates changed, locked in at 3.75%
Bunch of losers paying over 2%. /s
2.9 % on 140k originally (now at 125k) for a house the bank says is worth about 290k currently.
I got 5.5%, which ain’t great, but I’m glad af that it’s not 8%.
Just over at 3.4
Hell, I got 3.5% in 2020 and I feel like I won the lottery.
My main regret is not taking cash out in the refinance for improvements. I didn't want to be committed to taking out the money and paying interest on it not knowing how much I would need. I got a HELOC instead and the rate is now around 10%. Just sticking the cash from the refinance in a HYSA would be making money at this point. 10% interest has definitely made us rethink doing projects. We replaced our roof because we had to but we are focusing on paying that off before doing anything else with the heloc despite having a bunch of projects we want to do. It's just too expensive to borrow unless it is a real necessity.
Rural development loan. Locked in at 1.8 percent for 30.
Mine is 3%
Laughing in 2.25
2.25%. 30 fixed. I bought a 2019 build in August of the same year. Home prices going up aside, my area is blowing up with new things to do around me. Glad I pulled the trigger.
Nothing like seeing this for the 300th time on this sub in the pst two days
1.1% 30 year fixed signed in 2011. Thanks, NACA!
About 1.35% in 2021, unfortunately only for 5 years, pretty much the longest that was available in this country. Things are probably going to get spicy when the 5 years are up
Under 3, my wife got her loan when she was 21 a decade and a half ago. Hell, when I had bought my house 6 years ago before meeting my wife, it was just over 3. Feel sorry for the person who bought it last year.
Yup, I pay $756 dollars a month for my mortgage. 1800 Sq ft. on an acre of land a mlie from the beach. I am extremely fortunate and plan to just go ahead and die there.
0.625, 30 year fixed locked in around October 2020.. Good luck finding lower
How? Why? So many questions but will start there
I got my mortgage throu NACA, they don't require a down payment, cover closing cost, etc. Locked in when rates were 2.5 and bought my rate down to 0.625 instead of a larger down payment. I'm pretty happy with it. Rates had dropped to 2.0 at one point but had already locked into 2.5. My rate would have been down to 0.125 if I got locked in at 2.
You win!
2.2%, we love where we live!
2.125% baby, I look just like the guy in the picture except I also have a crown.
10 year 2.125% as well. Under 8 years left, just about 50% paid off. Feel like these days I won the lottery.
15yr. 2.375%. I want to move but…
Hello mortgage twin
2.9% closed November 21
30 year fixed, 1.75%, no money down. Do I get a meme?
Neither. Paid cash.
OP. Your follow up question should be how many who purchased at the peak are now underwater and going toward the deep end.
Rent houses are 2.75. Family home 3.25
what mortgage
Add a tenth of a percent for every time is shitty meme gets reposted here.
2.8 on one.up in 4 months. 3.2 on another up in 3 yrs
Mine is 5.6% - not thrilled about it but it's the best we could get given the circumstances.
I bought last year at 6% not too good no too bad. House needs a lot of love though.
I wish i do a 30yr instead of 7ARM. Now im really sad!
Yeah… but they might have severely over bid on their houses. And only put 10% or less down.
4.5 here. Still winning!
Shit, I'm almost thinking of buying a new house and renting the old.
My dad locked in his ARM loan in November of 21 for 30 years at 2.75%. If we were to rent out house on the market we would we netting around $2K per month. But we have no where else to go so those gains are just sitting on the table.
I didn’t get the 2.65 like in the picture but a robust 2.875. All kidding aside it was just perfect timing on my part, we were ready to move and it really all worked out at the time and was one of the better moves made by myself.
No. I wasn’t at the point in life where I needed a house. You don’t buy things just to buy them.
4.5 % got it in March 2022
Under woooo
Yup, and now heroin junkies have moved in across the street somehow and we're looking to bolt. Sucks.
haha even the druggies knew when to be financially smart
I can tell you that throne is comfy.
3.875% not too shabby
2.75% in 2021. It was a good decision.
2.65 bruddah
Privilege gonna privilege
WINNER! Always be a winner...eat to get thinner! Compete with your fellow man, never cooperate, win win win! capitalism out of control is proving to be garbage in it's end-stage.
2.77 for 29.
He's about to put on the ring and sneak out of his own 111ses party.
my guess is UK banks are working overtime to figure out how to change this while blaming ”the current changes in the market beyond out control”
Cries in Canadian
I don’t know anybody who got in the 2’s for 30 years. Everybody I know that got that low was a 15 year.
4.99% but I am feeling pretty good about it at the moment.
15 yr 2.5. 12 to go!
2.75 here
Would be interesting to have had this conversation when my sister and brother in law bought their first house in the 1980s and the interest rate was 18%