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Look at the chart of mortgage rates!!!!!
1 posted on 05/12/2022 9:14:20 AM PDT by Browns Ultra Fan
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To: Browns Ultra Fan

Soaring?

it is just getting back to where it belongs.


2 posted on 05/12/2022 9:40:35 AM PDT by Sequoyah101 (Politicians are only marginally good at one thing, being politicians. Otherwise they are fools.)
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To: Browns Ultra Fan
I got a 15 year fixed rate conventional mortgage in late '71 at the 5.25% rate.

Lucky that I bought then, because mortgages were higher for the next 20 years, mainly much higher.


4 posted on 05/12/2022 9:45:26 AM PDT by FarCenter
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To: Browns Ultra Fan

Still a very low rate. My first place I had a 7.75% rate.


7 posted on 05/12/2022 10:28:20 AM PDT by montag813
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To: Browns Ultra Fan

Everyone will just move to 5/1 and 7/1 ARMs. They already are. How do I know this? 30 years in the mortgage industry.


8 posted on 05/12/2022 11:59:46 AM PDT by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped)
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