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Reply to "Feeling good about my 3.75% 30 yt mortgage"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We are at 2.875 for a 15 year with no points. I felt pretty good about it, but I guess there are a few people here that have me beat.[/quote] Don't worry PP, these are all historically incredible rates. We got 3.6% on a 30 and feel great about it. But I also felt great about the 4.7% I got on my last loan 9 years ago. My parents never miss a chance to remind me they paid 12% (!) when they bought a house in the early 80s. I do worry for those trying to get into the market 4-5 years from now, looking at higher rates & the insane price of homes here.[/quote] Folks may have paid 12%, back in the 80s. But ironically homes back then in DC were relatively more affordable because incomes used to keep up with prices back then. Incomes have been flat for 30 years. and prices have gone through the roof. [/quote]
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