I ended up doing an ARM in ’99 as I never thought I’d live there super long, but I’m still here…
That turned out to be the best deal ever. The first couple of years I was 5%-ish and I adjusted it down a couple of times. So for most of the 25 years that I had it, it was 4.25% or less (mostly in the high 2%-ish to 3%-ish percent range).
But the last few couple years, it creeped up to 7% pretty quick, I can’t complain though, it was mostly paid down by then, so it wasn’t that much interest. Though I did end up paying it off early as it was starting to itch at the back of my brain.
WonderfulCaptain7021 on
Just bought our first home in March of last year at 6.25% and refinanced a few weeks ago at 5.25%. Don’t want to pay refi fees too many more times but would be happy to get it down another point or two. I’ll be 40 in April. :/
HegemonNYC on
It would also be helpful to add “0% mortgages” (meaning owned free and clear). We are at a record high currently.
Gibodean on
The < 3 went from about 4% to 20% in 2021 (I’m part of that, woohoo!) but why isn’t it much higher? Everyone should have refinanced that year, 80% of people are dopes.
SoraUsagi on
3.65%. Would have been 3.15%… but BoA straight up lied to us and said adding my wife as a co-barrower to my Credit card would not give her my history (it does) and that she would have to open a CC herself to get a credit history. 6mo later, we were 5 points shy of the brat rate because my wife’s score took a hit opening a CC
BenMcAdoos_ElCamino on
2.625% has me stuck in this house until I retire or can sell and pay cash for another.
nova_new_ on
I got paid to refinance from the 2.75% that we closed in mid 2020 to 2.25% 6 months later in 2021. Insane times.
maringue on
Trump is going to drive down mortgage rates while simultaneously keeping home prices high.
It’s going to be hilarious to watch prices go up in lock step with rates going down. Sellers will just say, “Oh, a buy can pay X dollars a month for our home, we’ll just readjust the price when rates drop to keep X the same at a higher sale price”.
This is like giving a Kindergartner control over the levers of the economy.
Now granted, literally none of this shit he’s suggesting will happen because Congress. He’s just trying to pander to the dumbest portion of his base.
sunnysjourney on
We got a 10/1 in 2021 at 2.75. Because a 30 year fixed we were offered was at 2.95.
I’m a dumbass.
kilrein on
I’m actually amazed that under 3% is only 20% of the outstanding loans.
I can’t imagine that is a factor of more borrows entering after the rates passed the 3% mark or that so many have moved on the from the 3% into higher loans.
Perhaps many existing borrowers waited too long to refinance that they missed the sub 3s?
FaithIsFoolish on
1.81 on a 15 year. Complete luck.
m9johnson on
0% mortgage as of 12/30/25 because I paid house off.
STODracula on
Was at 2.625% (15 year) from 2012-2021 and from then moved with a 2.75% (30-year). Not ever moving until it’s paid off.
cunningmarcus on
We’re at 3.5% currently, also currently exploring building a new house 😵💫
SomewhatLargeChuck on
Just bought in October. 6.5%. hope to refi at some point once rates come down
15 Comments
I ended up doing an ARM in ’99 as I never thought I’d live there super long, but I’m still here…
That turned out to be the best deal ever. The first couple of years I was 5%-ish and I adjusted it down a couple of times. So for most of the 25 years that I had it, it was 4.25% or less (mostly in the high 2%-ish to 3%-ish percent range).
But the last few couple years, it creeped up to 7% pretty quick, I can’t complain though, it was mostly paid down by then, so it wasn’t that much interest. Though I did end up paying it off early as it was starting to itch at the back of my brain.
Just bought our first home in March of last year at 6.25% and refinanced a few weeks ago at 5.25%. Don’t want to pay refi fees too many more times but would be happy to get it down another point or two. I’ll be 40 in April. :/
It would also be helpful to add “0% mortgages” (meaning owned free and clear). We are at a record high currently.
The < 3 went from about 4% to 20% in 2021 (I’m part of that, woohoo!) but why isn’t it much higher? Everyone should have refinanced that year, 80% of people are dopes.
3.65%. Would have been 3.15%… but BoA straight up lied to us and said adding my wife as a co-barrower to my Credit card would not give her my history (it does) and that she would have to open a CC herself to get a credit history. 6mo later, we were 5 points shy of the brat rate because my wife’s score took a hit opening a CC
2.625% has me stuck in this house until I retire or can sell and pay cash for another.
I got paid to refinance from the 2.75% that we closed in mid 2020 to 2.25% 6 months later in 2021. Insane times.
Trump is going to drive down mortgage rates while simultaneously keeping home prices high.
It’s going to be hilarious to watch prices go up in lock step with rates going down. Sellers will just say, “Oh, a buy can pay X dollars a month for our home, we’ll just readjust the price when rates drop to keep X the same at a higher sale price”.
This is like giving a Kindergartner control over the levers of the economy.
Now granted, literally none of this shit he’s suggesting will happen because Congress. He’s just trying to pander to the dumbest portion of his base.
We got a 10/1 in 2021 at 2.75. Because a 30 year fixed we were offered was at 2.95.
I’m a dumbass.
I’m actually amazed that under 3% is only 20% of the outstanding loans.
I can’t imagine that is a factor of more borrows entering after the rates passed the 3% mark or that so many have moved on the from the 3% into higher loans.
Perhaps many existing borrowers waited too long to refinance that they missed the sub 3s?
1.81 on a 15 year. Complete luck.
0% mortgage as of 12/30/25 because I paid house off.
Was at 2.625% (15 year) from 2012-2021 and from then moved with a 2.75% (30-year). Not ever moving until it’s paid off.
We’re at 3.5% currently, also currently exploring building a new house 😵💫
Just bought in October. 6.5%. hope to refi at some point once rates come down