GiddyGap to News@lemmy.world · 2 months agoA Huge Number of Homeowners Have Mortgage Rates Too Good to Give Upwww.nytimes.comexternal-linkmessage-square151fedilinkarrow-up1369arrow-down110
arrow-up1359arrow-down1external-linkA Huge Number of Homeowners Have Mortgage Rates Too Good to Give Upwww.nytimes.comGiddyGap to News@lemmy.world · 2 months agomessage-square151fedilink
minus-squareZatorelinkfedilinkarrow-up31·2 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-up18arrow-down2·2 months agoBasically, unless the sale gets you enough to buy the next house in cash, it’s a bad idea, lol.
minus-squareZatorelinkfedilinkarrow-up1·2 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.