A couple charts on interest rates.
<https://www.dailymail.co.uk/news/article-10923815/Average-US-mortgage-rates-jump-35-years.html>
Houses are getting cheaper in some places.

On 6/17/2022 7:13 AM, Dean Hoffman wrote:
> A couple charts on interest rates.
> <https://www.dailymail.co.uk/news/article-10923815/Average-US-mortgage-rates-jump-35-years.html>
> Houses are getting cheaper in some places.

Heard a home builder talk about this and there is still a shortage of
housing. If he builds a house he puts a clause in the contract that
allows him to pass on the cost of building materials to the buyer.

When I bought this house I had to go from a 6 to a 9% mortgage. After
that the interest rate climbed to about 17% in the 80's.

I was lucky as I paid over 50% down payment with a twenty year mortgage
that I paid off early.

In article <t8hrft$ej1$1@dont-email.me>, "frank "@frank.net says...
>
> Heard a home builder talk about this and there is still a shortage of
> housing. If he builds a house he puts a clause in the contract that
> allows him to pass on the cost of building materials to the buyer.
>
> When I bought this house I had to go from a 6 to a 9% mortgage. After
> that the interest rate climbed to about 17% in the 80's.
>
> I was lucky as I paid over 50% down payment with a twenty year mortgage
> that I paid off early.
>
>

They cry about 4 % now. Around 1976 when I bought a house the going
rate was 8 % and went up much more in a few years.

By the same token, savings and CDs were 5 % and were going up. Now if
you get over 1 % you are lucky.