MORTGAGE RATES UP AGAIN

heart of savino · ‎02-27-2016

MORTGAGE RATES UP AGAIN. MY BANK UP TO 4.5%

SHOULD OF BOUGHT THAT HOUSE IN NOVEMBER WHEN THE RATE WAS

3.5%

shoekitty · ‎03-10-2010

That is still darn low. When i bought this house in 1987 the lowest adjustable rate was 7.90. Everyone raved how we got the best rate. By 1993 the rates were 11 and 12%

I am old enough to remember the 17 and 18% rates in the late 1970's and early 1980's. Homes sat on the market for 2 or 3 years.

“sometimes you have to bite your upper lip and put sunglasses on”….Bob Dylan

Goldengate8361 · ‎01-27-2014

Interest rates going up will actually help many people as they start to earn more money on CDs and other savings.

JaneMarple · ‎05-23-2011

@Goldengate8361 wrote:
Interest rates going up will actually help many people as they start to earn more money on CDs and other savings.

I'll take it.

You Don't Own Me- Leslie Gore
(You don't Know) How Glad I Am- Nancy Wilson

febe1 · ‎01-22-2012

@shoekitty wrote:
That is still darn low. When i bought this house in 1987 the lowest adjustable rate was 7.90. Everyone raved how we got the best rate. By 1993 the rates were 11 and 12%
I am old enough to remember the 17 and 18% rates in the late 1970's and early 1980's. Homes sat on the market for 2 or 3 years.

I bought a home in Springfield, VA in l985 with l8% interest.

febe1 · ‎01-22-2012

Seniors have been waiting over a decade for the interest they planned on living on from their investments.

Krimpette · ‎03-09-2010

I bought my townhouse in 1984. My one and only home purchase. (I'm still living in the same house.) Interest rate at the time of purchase: 12.5%!

I almost chuckle when people are upset with some of the low single-digit rates of late. I struggled the first year, but budgeted carefully. Even after I refinanced a few years later, the rate was somewhere around 8%. But I was frugal and made extra payments whenever I could. My home has been paid off for many years now, thankfully.