Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Recommendations

0 members have recommended this reply (displayed in chronological order):

For perspective, my first mortgage was 7%. We have had historically low Scrivener7 Feb 2022 #1
my first was 6.5%... huge difference on payments to rate in the 3s. Demovictory9 Feb 2022 #21
My last mortgage was 2.875. Scrivener7 Feb 2022 #23
Actually, a higher interest rate would do a lot to bring the real estate market back into balance. PSPS Feb 2022 #2
I think that will depend on the area. In the SF bay area, I don't think it will affect prices too JohnSJ Feb 2022 #5
I remember when 9.75% was considered a good rate. JohnSJ Feb 2022 #3
My first mortgage rate was 11.75 percent. bottomofthehill Feb 2022 #4
Exactly. You hit right when Paul Volker was there JohnSJ Feb 2022 #7
Close but early Greenspan. bottomofthehill Feb 2022 #16
Interesting, thanks. My first mortgage was with Crocker Bank in California, no longer around, and JohnSJ Feb 2022 #30
Glad I refinanced last year to 2.75%! beaglelover Feb 2022 #6
I took out a mortgage last summer at 2.5% fixed for 15 years. madinmaryland Feb 2022 #17
Congrats!! beaglelover Feb 2022 #19
nice! Demovictory9 Feb 2022 #22
4% is still on the low side, historically True Dough Feb 2022 #8
Won't stop the refi commercials though Pas-de-Calais Feb 2022 #9
Here's a long-term mortgage rate chart True Dough Feb 2022 #10
Fawk, I just started looking. CentralMass Feb 2022 #11
I have to refi and put it off in Dec mahina Feb 2022 #13
Hopefully it will help stop corporations from buying up all available homes PortTack Feb 2022 #12
Exact opposite. former9thward Feb 2022 #28
Still better than most of my lifetime... JT45242 Feb 2022 #14
For perspective-- 1971 when the annual average was 7% Torchlight Feb 2022 #15
Still below the inflation rate. roamer65 Feb 2022 #18
I'm hoping higher mortgage rates will slow down the tear-down rebuilding Liberal In Texas Feb 2022 #20
Up and down and up they go mnhtnbb Feb 2022 #24
My bank savings rate is close to Zero, & has been since mortgage rates went to 1%. ...... Hekate Feb 2022 #25
This is how you fight inflation... WarGamer Feb 2022 #26
When interest rates go up BlueIdaho Feb 2022 #27
Our first mortgage was 6.5%. Our current mortgage is 2.625%.. helpisontheway Feb 2022 #29
Latest Discussions»General Discussion»Today's 30-year mortgage ...»Reply #22