this post was submitted on 05 Aug 2024
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Housing Bubble 2: Return of the Ugly

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A community for discussing and documenting the second great housing bubble.

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Why some homeowners are leaving their low mortgage rates behind (www.axios.com)
submitted 4 months ago by SeattleRain to c/housing_bubble_2
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[–] InvaderDJ 1 points 4 months ago

Unless the overall mortage payment goes down or you have a serious need (had a baby and need more room or have a physical challenge and need less), I can't imagine abandoning a low interest rate.

I bought this year and the interest rate makes my payment so much higher that it is insane. I can't wait until rates lower and I can refinance.