• YaksDC@lemm.ee
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    4 months ago

    My last 30 year mortgage was at 2.375. I have since sold that home and never plan on buying in the US again.

    • callouscomic@lemm.ee
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      4 months ago

      The average mortgage rate in 1982 was 16.04%.

      I also wanted to contribute random remarks.

      • Spacehooks@reddthat.com
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        4 months ago

        I bet the house was around 100k ish so 325k with inflation. Avg house cost is 600k now. Yeah either way im screwed I guess.

    • JonsJava@lemmy.worldM
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      4 months ago

      Mine wasn’t that good, but 70K at 3.1 is much better than things are today.

      U.S. housing market is fucked.

      • IsThisAnAI@lemmy.world
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        4 months ago

        It’s not really. It went up quickly and stabilized. Rates are still near historic lows. This nobody is going own a home bullshit needs to stop. It’s just false.

        • Raiderkev@lemmy.world
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          4 months ago

          Yeah, totally reasonable for prices to double, and rates to triple and then housing prices stay at elevated levels and never dip with higher rates. I for one welcome our wall street over landlords with open arms.