GiddyGap@lemm.ee to News@lemmy.world · 7 months agoA Huge Number of Homeowners Have Mortgage Rates Too Good to Give Upwww.nytimes.comexternal-linkmessage-square82fedilinkarrow-up1356arrow-down18
arrow-up1348arrow-down1external-linkA Huge Number of Homeowners Have Mortgage Rates Too Good to Give Upwww.nytimes.comGiddyGap@lemm.ee to News@lemmy.world · 7 months agomessage-square82fedilink
minus-squareZatore@lemm.eelinkfedilinkarrow-up30·7 months ago2.875 here, my monthly payment is $545. I want to move, but it would be financially stupid to do so
minus-squareObjectivityIncarnate@lemmy.worldlinkfedilinkarrow-up17arrow-down2·7 months agoBasically, unless the sale gets you enough to buy the next house in cash, it’s a bad idea, lol.
minus-squareZatore@lemm.eelinkfedilinkarrow-up1·7 months agoThe value of my house has gone up by about 50% so I could definitely put the money forward, but it still would be a questionable decision.
2.875 here, my monthly payment is $545. I want to move, but it would be financially stupid to do so
Basically, unless the sale gets you enough to buy the next house in cash, it’s a bad idea, lol.
The value of my house has gone up by about 50% so I could definitely put the money forward, but it still would be a questionable decision.