“7.069 on 30 year fixed.”
Yikes.
If the refi market was not dead already that is a stake thru the heart.
Anyone in that industry is probably out of a job.
You could find 30-year fixed lower but still around 6.4+.
“7.069 on 30 year fixed.”
That’s cheap. Remember the 80’s?
My first mortgage was nearly 14% and I was glad to get it that low. The next one was 11%, the next 9, then 7.5, then 6.
I have not figured out why any sane person would loan money at 3% but that was the market and this is now.
You just have to drop the price of the house until someone can make the payment. I’ve seen that many times before.
Embrace the suck.