[Alex Murphy]

Most ordinary homebuyers are paying the same or higher rates than the fortunate few who can afford much more. Rates for a conventional 30-year fixed mortgage are averaging 4.48 percent, according to Bankrate. For “jumbo” mortgages—those above $417,000 in much of the country—the average is 4.47 percent.

People are complaining about one-hundredth of one percent? Get back to me when we hit those high-teens double-digit interest rates that highlighted the Carter administration.

[freedumb2003]

>>People are complaining about one-hundredth of one percent? Get back to me when we hit those high-teens double-digit interest rates that highlighted the Carter administration.<<

I was thinking the same. Up until about 10 years ago, you were lucky to get a rate below 8%! And, I remember a friend of mine bought his house with a 14% loan in the late 70s.

This is a bunch “the sky is falling” nonsense about nothing.

[sheana]

Our first house was financed at 14%. Was in it 4 years and sold it and bought another. We got a special loan and financed it at 7.5 and were blissful about it.