USA Percentage of Outstanding Mortgages by Interest Rates
Posted by pillar6alumni
USA Percentage of Outstanding Mortgages by Interest Rates
Posted by pillar6alumni
9 Comments
My heart goes out to people who have fallen on hard times and been forced to give up their ~2.5% mortgage rates.
I’ve done the math on moving closer to an office. For me personally this is what I’d lose by moving. I’d need a fresh 30 yr mortgage, instead of having 12 years left on my current one and my payment would still rise by about $1300/month, despite lasting 18 additional years.
That’s a catastrophic mid 6 figure loss over the life of the loan, *years* of earnings wasted, and yet for some that’s still their best option.
How did people get sub 3’s early on?
This is pretty shocking. 20% of mortgages are now over 6%? And seeing the declining numbers of the low rates means a lot more people are giving up their low mortgage rates… I’d like to see this without first time home buyers after rates went up, but I can’t imagine there’s enough to make an impact on this chart
2.125% baybe. Best financial decision I’ve ever made.
3.125% with zero points paid. Loving it.
What were the 25% or so of people who had a 5%+ mortgage in 2021 thinking to not refi? There was 3% available for years, and you just keep paying a 5-6%?
Refinanced into a 15 year 2.75% during the pandemic. I’ll never see rates like that again.
Cool. I’ve owned more than one home and due to bad timing have never been in the top 50% of desirable mortgage rates.
Hope all these people who come into these threads bragging about their low interest rates enjoy never moving for the rest of their lives