GiddyGap@lemm.ee to News@lemmy.world · 3 months agoA Huge Number of Homeowners Have Mortgage Rates Too Good to Give Upwww.nytimes.comexternal-linkmessage-square147fedilinkarrow-up1363arrow-down110
arrow-up1353arrow-down1external-linkA Huge Number of Homeowners Have Mortgage Rates Too Good to Give Upwww.nytimes.comGiddyGap@lemm.ee to News@lemmy.world · 3 months agomessage-square147fedilink
minus-squareSocsa@sh.itjust.workslinkfedilinkarrow-up3arrow-down1·3 months agoIt will likely never get to 4% again unless there is another major recession or you are willing to get an ARM. Historically, 4% is extremely rare for fixed rate mortgages.
minus-squareJJROKCZ@lemmy.worldlinkfedilinkarrow-up6arrow-down1·3 months agoSo they say but I’m 30 and have seen it twice already so…
minus-squareWhatTrees@lemmy.blahaj.zonelinkfedilinkEnglisharrow-up3arrow-down1·3 months agoWell, it happened in 2008 and 2020, so all we gotta do is wait for the economic crash in 2032 and we’ll be set!
It will likely never get to 4% again unless there is another major recession or you are willing to get an ARM. Historically, 4% is extremely rare for fixed rate mortgages.
So they say but I’m 30 and have seen it twice already so…
Well, it happened in 2008 and 2020, so all we gotta do is wait for the economic crash in 2032 and we’ll be set!
The math checks out…