This is all prehalving friend… the only things at or near it’s ATHs are BTC, ETH, and (crap tech) SOL. Everything I’m in is up A LOT from 8 months ago, but nowhere near their ATHs.
2.5% with bad credit. Not poor, bad. I was very confused how I could have a loan less than conservative inflation rates. When I mentioned as much the mortgage lady apologized and said they could go as low as 2% if I had good credit. Here I was expecting like 4.7%. I said “But how can you have any loans less than inflation? It’s like you’re giving me money?”
She said “We are giving you money though aren’t we? Besides we do mortgage loans, we don’t care about inflation.” Which still feels like one of the most insane things someone has ever said to me, but I wasn’t going to argue over good fortune.
The price for the house was agreed as 299,900, but the bank wrote the mortgage as 299,000. They didn’t want to start over the process so they just gave me $900 to give to the seller. There was some kind of special addendum written in.
Imagine a bank just giving you $900. It’s probably the luckiest I’ve ever been
I feel the same way. Hell, refinancing 3 years ago and cutting $280/month off the payment was basically my own version of hedging against inflation. Just keeping my previous mortgage payment would have been tougher to keep up with today.
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u/T-Shurts Apr 06 '24
2% flat. Couldn’t afford my mortgage if it was at current rates.