Last 50 years of mortgage rates....

[FishSticker]

Crazy to look at what its been, then see where it is now and the problems we're experiencing right now as a direct result....

https://www.freddiemac.com/pmms/pmms30

[ziggy]

crazy that rates were above 10% for most of the 1980's.

last year was the prime time for people to re-finance and get that rate locked in. we won't see rates that low for a long damn time, if ever.

housing market is due for a huge correction.

[FishSticker]

16-17% interest rate back in '82....Just plain crazy.

Put that into perspective with todays home values... AVG homesale in Chas/Tricounty area "was" around 380k. Todays rate would be a $2200/month payment. At 1982's rate, that same note would have been $5050/month....granted, values would be negatively affected, but the gist is the same.

[reeltight]

crazy that rates were above 10% for most of the 1980's.

last year was the prime time for people to re-finance and get that rate locked in. we won't see rates that low for a long damn time, if ever.

housing market is due for a huge correction.

I'm sure you are correct and believe it's happening in and around cities and some democratic run states but the problem we are facing now is different than it was in 2008. Then was bad lending practices. Now it's just lack of inventory and people moving in from democratic states with stupid fu money and overpaying for whatever they can get their hands on. You would have thought lumber prices would have put a hold on some of this stuff but it didn't. People just kept on building and paying higher prices.

[billbuster84]

crazy that rates were above 10% for most of the 1980's.

last year was the prime time for people to re-finance and get that rate locked in. we won't see rates that low for a long damn time, if ever.

housing market is due for a huge correction.

We refi’d in the fall of 2021. Rates we’re good but had already started upward. Good thing is we went from a 30 to a 20 year note.


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