Article

2022-09-17 Economy

US mortgage rates hit 6.02 percent, a 14-year high as inflation soars

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Posted by Besoeker 2022-09-17 06:28|| || Front Page|| [6 views ] Top

#1 Took my mortgage in '94 it was 10% with significant down payments.

Posted by Procopius2k 2022-09-17 07:44|| 2022-09-17 07:44|| Front Page Top

#2 During our entire lifetime, my wife and I would have killed for a fixed rate mortgage at 6.02%. We never came close to a rate that low.

Posted by Tom 2022-09-17 11:01|| 2022-09-17 11:01|| Front Page Top

#3 I got my mortgage in 2009 at 4.6%. I was in the right place at the right time.

Posted by Deacon Blues 2022-09-17 12:39|| 2022-09-17 12:39|| Front Page Top

#4 When interest rates go up, prices drop, keeping the total monthly payment about the same.

Posted by trailing wife 2022-09-17 16:47|| 2022-09-17 16:47|| Front Page Top

#5 Keep an eye on certificates of deposit. One year CD's are now approaching 3.5%.

Posted by Besoeker 2022-09-17 17:21|| 2022-09-17 17:21|| Front Page Top

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