Absolutely, my current rate is 2.8% and there’s no way I’m moving from that to deal with either of those options. Jumping from 2.8 to 6.8 could easily add $500 or more a month in interest payments for a lot of people.
People who live in their houses don’t move because they chose to (save from being loaded) they moved because life events forcing their hand. Buying and selling houses is fool’s errand in raising prices/low interest. Currently it is essentially taking a big L and will get worse for people who are forced to sell/move/buy.
Absolutely, my current rate is 2.8% and there’s no way I’m moving from that to deal with either of those options. Jumping from 2.8 to 6.8 could easily add $500 or more a month in interest payments for a lot of people.
People who live in their houses don’t move because they chose to (save from being loaded) they moved because life events forcing their hand. Buying and selling houses is fool’s errand in raising prices/low interest. Currently it is essentially taking a big L and will get worse for people who are forced to sell/move/buy.