@anewgo: When we bought our first townhome in 2007 we paid $207k for it and our interest rate was 6.25%. It’s current value is 289k. Historical interest rates range from 18.45% in 1981 to 3.31% in 2012. Homes appreciate in value on average 5.4% Chances are we won’t see 3% rates for a long while and historically speaking 6% is still on the low end. Same for home appreciation-it may go down for a short while but over time it will go up. So you can lock current rate and price but you can’t lock your current rent because your rent will only go up. #housingmarket #interestrates #homeprices #firsttimehomebuyer #househunting #househunters #mortgage #buyvsrent #millennials #expecting

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2022-09-28 04:30:37

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