This is crappy news for those of us who are desperate to sell our old home and get a mortgage on a home in our new work location... made even worse by the necessity to get the old house sold FIRST...
And as others have posted - “if it ain’t broke, don’t “fix” it”... economy is moving well, inflation is still not significant. Ugh
What planet are you living on? Mortgage rates are lower than in 8 decades. What do you want? Lenders to lend you money at rates lower than ACTUAL INFLATION?
Necessities such as groceries, utility bills, doctors fees, lawyers fees for divorce and wills, property taxes, etc are escalating way above the FED interest rates.
Do it now. Mortgage rates are still extremely low.
If you wait til they go up, then you’ll have to drop the price to get a buyer, won’t you?
This is crappy news for those of us who are desperate to sell our old home and get a mortgage on a home in our new work location... made even worse by the necessity to get the old house sold FIRST...
sell now.