27 Dec 2023 2:10 pm
It's amazing anyone has ever bought a home over the last 50 years, what seems like high rates today is really just average. The days of cheap money are gone for awhile, in the meantime your income still has to be sufficient enough to meet your mortgage lenders DTI ratio.
"30 Year Mortgage Rate in the United States averaged 7.74 percent from 1971 until 2023, reaching an all time high of 18.63 percent in October of 1981 and a record low of 2.65 percent in January of 2021."
"30 Year Mortgage Rate in the United States averaged 7.74 percent from 1971 until 2023, reaching an all time high of 18.63 percent in October of 1981 and a record low of 2.65 percent in January of 2021."