It’s been impossible to find a reasonably priced home or condo. People are afraid that if they move they will be stuck renting, and today that sure is expensive.
The only new houses being made sell for at least a million, minimum. And this is in one of the least expensive markets in the country.
So, you will be paying more on mortgage loans. Well, back several years ago, I started out paying around 8% in mortgage interest when wages were low, but the economy then was better than now. Also, does the rise in interest rates mean an equal rise in savings interest? Have’t heard anything on this.