Posted on Apr 8, 2022
Mortgage rates just hit 5%. Buying a home has become a lot more expensive
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Posted >1 y ago
Responses: 4
So glad my son got his at 3% but just wait...it's going up a lot more before we're done. If you have an adjustable...get out of it now if you haven't already
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SFC (Join to see)
Great advise ma'am. I have mine at 2.875, we felt really lucky to get a rate that low.
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This must have been during the early to mid 80's when the federal reserve hiked rates up to almost 20% I believe on certain loans.
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SFC (Join to see)
Wow! I don't remember them that high. A friend of mine built in the late 80's and his was 8% and change.
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