Found a nice house, top of our price range, but requires us to move from our low priced starter home. The economy seems like a mess and economics was never my forte. Is it a bad decision to try to move up given current trends?
Found a nice house, top of our price range, but requires us to move from our low priced starter home. The economy seems like a mess and economics was never my forte. Is it a bad decision to try to move up given current trends?
It can be. I have a 30 year fixed interest of 3.25%.
Selling now means buying at 6.3%. Terrible time to both buy and sell.
Fixed for 30 years?! Holy shit, we can only fix for like 3 years here
That’s the standard in the US
1.5 here! Damn glad we got in when we could.
Yeah but you could do that with the plan of refinancing in 5 years or so when interest rates are different. Still a gamble but you’re not stuck at 6.3.
A guarantee of 3.25% beats 5 years at 6.3% and the hope it gets better… 😉