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(Some Guy)   "Chuck Norris eats 7% mortgage rates for breakfast"   (sacramentoappraisalblog.com) divider line
    More: Unlikely, Mortgage, Chuck Norris, Federal Reserve System, Chairman of the Federal Reserve, housing market, Housing trends, Figure It Out, Mortgage broker  
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1180 clicks; posted to Business » on 28 Sep 2022 at 7:30 PM (9 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



27 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2022-09-28 4:40:55 PM  
He eats dick by the bowl full,  too
 
2022-09-28 5:22:12 PM  
Me with my 2.99% fixed rate:

Fark user imageView Full Size
 
2022-09-28 8:00:40 PM  

FatherChaos: Me with my 2.99% fixed rate:

[Fark user image image 480x256]


2.625% and about 6 years left on a refinance down into a 15-year loan from the original 30-year.

They'd have to pry me out of this mortgage with a crowbar. I'm certainly not leaving voluntarily.
 
2022-09-28 8:02:12 PM  
Fark user imageView Full Size
 
2022-09-28 8:07:05 PM  

GregInIndy: FatherChaos: Me with my 2.99% fixed rate:

[Fark user image image 480x256]

2.625% and about 6 years left on a refinance down into a 15-year loan from the original 30-year.

They'd have to pry me out of this mortgage with a crowbar. I'm certainly not leaving voluntarily.


Fellow indy guy to indy guy;  I'm in the weird position where my house (100k mortgage from 2005) is paid off, but I'm utterly sick of living here.  Not necessarily indy, just sick of this specific house.   The last few years i made double payments on the thing, so on one hand its another 1600 bucks a month to invest and spend as desired.  Paid off was the goal.

I need to figure out how to make this place better so that i don't look down the road at the new addition being built and consider taking on another pile of debt.
 
2022-09-28 8:12:29 PM  

phedex: GregInIndy: FatherChaos: Me with my 2.99% fixed rate:

[Fark user image image 480x256]

2.625% and about 6 years left on a refinance down into a 15-year loan from the original 30-year.

They'd have to pry me out of this mortgage with a crowbar. I'm certainly not leaving voluntarily.

Fellow indy guy to indy guy;  I'm in the weird position where my house (100k mortgage from 2005) is paid off, but I'm utterly sick of living here.  Not necessarily indy, just sick of this specific house.   The last few years i made double payments on the thing, so on one hand its another 1600 bucks a month to invest and spend as desired.  Paid off was the goal.

I need to figure out how to make this place better so that i don't look down the road at the new addition being built and consider taking on another pile of debt.


Our place is great, but we'll likely look to move into a place for just the 2 of us when it's all paid off, which will align well with our kids finishing undergrad so perfect timing, IMO.

At 2.625% the mortgage is so cheap I see zero need to accelerate paying it off when I can invest that $ elsewhere.
 
2022-09-28 8:18:49 PM  

Professor Horatio Hufnagel: [Fark user image image 425x363]


I had this exact thought today and decided to call my mother.

She bought her house in 2000. 8%.

So it's sometime around there.
 
2022-09-28 8:32:15 PM  
1977 and 10.5%   PLUS we got the benefit of being redlined by Allstate.

/Get off my tree lawn.
 
2022-09-28 8:43:58 PM  
My 30 year mortgage is now paid off, but when we first bought this house the rate was 10.5%.  Naturally less than an hour after we signed the papers the market collapsed.  It was an adjustable mortgage but it had a lower limit, so while the rest of the market was enjoying 6-7% rates we were still stuck with a higher rate and were too far underwater to do anything about for the first five years or so.  Good times!
 
2022-09-28 9:06:45 PM  
I'm glad I locked in at 2.89% for 5 years back in July. Rates are upper end of 4% up to nearly 6% here.

Hoping this inflation cools off by then
 
2022-09-28 9:10:33 PM  
2.365%. Suck it Chuck Norris, you farking dominionist gasbag!
 
2022-09-28 9:24:27 PM  
It's the most important meal of the day. But I'm paying 2.95%
 
2022-09-28 10:05:54 PM  
I really, really hate the Chuck Norris thing. That guy is a douche.
 
2022-09-28 10:16:38 PM  

morg: I really, really hate the Chuck Norris thing. That guy is a douche.


Behind Chuck Norris's beard is another person who only knows the meme, but not that Chuck is some christian shill.
 
2022-09-28 11:01:08 PM  
7%? Where we're going, 7% would be a wishful memory.
 
2022-09-29 12:43:53 AM  
I got like a 2.85% 30 year when I refinanced after my divorce.

I ain't moving unless I absolutely have to and even then I'm going to biatch and moan about it.

I'd like to update the kitchen but that is not something I absolutely have to do.
 
2022-09-29 12:55:41 AM  

GregInIndy: FatherChaos: Me with my 2.99% fixed rate:

[Fark user image image 480x256]

2.625% and about 6 years left on a refinance down into a 15-year loan from the original 30-year.

They'd have to pry me out of this mortgage with a crowbar. I'm certainly not leaving voluntarily.


we did 2.625 as well, but for a 30.  It's so cheap next to inflation there's no point in paying it faster.

/ditto on the crowbar
//don't give me any blah blah about paying it faster, what if the market drops and we need to sell
///we have the funds to pay it off now, but it's not worth it.
 
2022-09-29 1:52:00 AM  
We pulled the trigger on our first home last year because I don't think we'll ever see sub 3% rates for way too long.
 
2022-09-29 3:40:38 AM  
Back in the day I refinanced and 8.2 down to 6.8 and thought it was a big deal.
It was still cheaper than paying rent. Especially after a few years.
 
2022-09-29 3:53:49 AM  
Knock knock
Who's there?
1981 and 1982 with 16% mortgage rates.
 
2022-09-29 6:18:32 AM  

starlost: Knock knock
Who's there?
1981 and 1982 with 16% mortgage rates.


At keast the cd rates matched the mortgage rates.
 
2022-09-29 8:57:24 AM  
2.5% on a house we bought almost exactly two years ago on a three day house-hunting trip in NOLA. We'll be retiring to it in three years. Not sure if it's THE house, but if rates stay high, it may become THE house.

Currently looking for tenants...
 
2022-09-29 9:31:33 AM  
2.5% on a 15 year for my primary residence

Just locked 7.375% with 25% down and 1.5 points on my first investment property.  Bit of a difference.
 
2022-09-29 10:04:41 AM  
What I really want to know is, do these rates faze Chuck Norris?
 
2022-09-29 10:59:12 AM  
SERVES ME RIGHT FOR PAYING OFF MY COLLEGE LOANS FIRST!

/Sobs in a corner.
 
2022-09-29 3:21:56 PM  
I bought my first house in '89 at 6.95, and thought that was cheap at the time.  Sure, I bought less house than at 3%.  But it was still more than I required at minimum.  I feel so bad for these new families, with this out-of-control real estate market, usurious rates, and runaway inflation.  The get the crap that rolls to the bottom of the hill every time.
 
2022-09-29 9:41:22 PM  

Not again 5: I bought my first house in '89 at 6.95, and thought that was cheap at the time.  Sure, I bought less house than at 3%.  But it was still more than I required at minimum.  I feel so bad for these new families, with this out-of-control real estate market, usurious rates, and runaway inflation.  The get the crap that rolls to the bottom of the hill every time.


One thing I am finding super concerning is that, in Maine at least, you can noonger write essays about why you want the house.
 
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