[Paladin2]

Interest rates are too low, given the current Inflation Rate.

[Wuli]

Actually, loose printing-press money has inflated house prices while the 30 year mortgage interest rates today are NOT high by historical averages.

People, even finance people have too much short term memory when it comes to money matters.

From 1971 to today the overall average 30 year mortgage interest rate is about 7.7% - which is HIGHER than it is today. (I downloaded the data from the attached link and took an average for the 2800+ weekly rates since 1971).

Mortgage payment rates are too high because housing prices are inflated with federal reserve printing press money the past twenty years, NOT because mortgage interest rates are out of wack.

https://fred.stlouisfed.org/series/MORTGAGE30US#

[eyeamok]

My first mortgage was 8 1/2% and a second was 10%

[Brian Griffin]

wood for house ~= $11,000 total [~$3,000 from tariffs I believe]

Park Slope, Brooklyn Heights, Fort Greene, Upper East Side, Upper West Side

~3,240,000 square feet of brown stone

~$25 million, total

It’s not Trump’s fault that people buying houses don’t know proper prices to offer. Too many people have too much money from the stock market.

[blackdog]

No, they are not. I remember the good old days of a 5% pass book savings account and an 11% mortgage.

3% rates are for charlatan investment bankers that cover the spread of a fake business using press releases to attract stock investors to cover the spread. If you can't make a profit in your business, stop asking for free money.

If you make a widget or provide business services and can't survive on 5% terms of borrowed capital, you need to close your doors.

10% mortgages would drop housing values by 40%. But that would drop municipality tax revenues by 40%.

Stupid folks we are.