I hope rates stay where they are. I’m getting a 5.3% return in a plain-old-boring Money Market account. To me these rates seem normal. Why should we have 3% mortgage rates? It just artificially inflates the value of the asset.
“Why should we have 3% mortgage rates? It just artificially inflates the value of the asset.”
It sounds like you didn’t start tracking the financial markets yesterday! When I began my finance career mortgages fetched 13%+!
Once the mortgage rates “normalize” around 5-6% the home prices will start to rise again. The kids are not going to be happy with that!