this post was submitted on 05 Aug 2024
2 points (66.7% liked)

Housing Bubble 2: Return of the Ugly

314 readers
199 users here now

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

founded 6 months ago
MODERATORS
SeattleRain@lemmy.world
2
Why some homeowners are leaving their low mortgage rates behind (www.axios.com)
submitted 3 months ago by SeattleRain@lemmy.world to c/housing_bubble_2@lemmy.world
1 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] InvaderDJ@lemmy.world 1 points 3 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.