I wonder if I have time to go shop around for better mortgage rate... The difference is only going to be of about 1% which is about a 175$ difference
The rates are high apparently lately, they should go down to 3.5 to 3.9, which would be much better
I calculated, even if we get disastrous rates like 11% again, I can actually afford that. It would be tight, but I wouldn't be in deep shit
The rates are high apparently lately, they should go down to 3.5 to 3.9, which would be much better
I calculated, even if we get disastrous rates like 11% again, I can actually afford that. It would be tight, but I wouldn't be in deep shit
adjustable rate?
@perfect_brains I checked fixed. Variable rate would be reallly bad right now
@coolboymew @perfect_brains Variable rate mortgages could get really bad in the future.
We're now speed running the 1970s, and curing that inflation which got serious no later than the 1960s, see the demonetization of silver, resulted in a Federal Reserve prime rate peak of 20% as of April 2, 1980 per the below link and my contemporaneous memory.
I also note current Federal Reserve interest rates are negative after inflation.
https://fedprimerate.com/wall_street_journal_prime_rate_history.htm
United States Prime Rate Historyfedprimerate.com
@ThatWouldBeTelling @perfect_brains I was going to go with a fixed rate for now
@coolboymew@shitposter.club I would never fuck with a variable rate mortgage. @perfect_brains@social.freetalklive.com