What would it take for you to give up a 2.75% 30 year fixed rate?

[Anonymous]

Anonymous wrote:my daughter being born

life isn't all about your mortgage rate. You can always make more money

This is a dumb statement. How are people this stupid?

[Anonymous]

Extreme financial hardship where we have to sell and move somewhere less expensive to avoid becoming bankrupt. Even then, we could probably maintain our current lifestyle for 2 years on our savings and stocks - maybe 3 if we were careful. Who knows what would happen to home prices and rates in that much time.

I have that mortgage now. $4300/mo on my $1.5M house. If we got divorced, we would find a way to let one of us stay in the house on the current mortgage unless/until one of us remarried.

[Anonymous]

Anonymous wrote:We are in this situation. Would need to be able to steal a new construction place on at least a 1/4 acre with a garage and a screened in porch in yorktown district for $2m. Then, we’d likely pay cash.

1/4 acre is going to make that hard, but the rest sounds doable.

[Anonymous]

I love and hate our 2.375% rate. We like our neighborhood/location and are in Whitman school district but house was supposed to be our starter home and is smaller than I'd like. But when we refinanced during the pandemic, mortgage dropped to $1900. Can't give that up.

We are aggressively saving so that if we ever did come across a better house, we could put a substantial downpayment and rent out current house to not give up that rate.

[Anonymous]

Being able to buy another house with a huge down payment or all cash so I’m not paying 8% interest.

[Anonymous]

Job change.

[Anonymous]

Anonymous wrote:I love and hate our 2.375% rate. We like our neighborhood/location and are in Whitman school district but house was supposed to be our starter home and is smaller than I'd like. But when we refinanced during the pandemic, mortgage dropped to $1900. Can't give that up.

We are aggressively saving so that if we ever did come across a better house, we could put a substantial downpayment and rent out current house to not give up that rate.

That’s amazing. I wouldn’t give that up either. Just reframe it as you “downsized early” 😜. Our house (also starter home turned into forever home due to rates) will be just the right size again once our kids are out.

[Anonymous]

Anonymous wrote:

Anonymous wrote:We are in this situation. Would need to be able to steal a new construction place on at least a 1/4 acre with a garage and a screened in porch in yorktown district for $2m. Then, we’d likely pay cash.

1/4 acre is going to make that hard, but the rest sounds doable.

Sadly, it’s not. They need to come down about $400,000.

[Anonymous]

Regular shootings and carjackings nearby. Bye, 2.25%. We downsized at the same time which took some of the bite out. The house was more than we needed, and not a great location.

[Anonymous]

Anonymous wrote:Regular shootings and carjackings nearby. Bye, 2.25%. We downsized at the same time which took some of the bite out. The house was more than we needed, and not a great location.

Surprised DC property values aren’t in free fall by now because of this