Quote:
Originally Posted by SHARK DOCTOR
Any country that is looking to grow is going to experience inflation. If you don't, you're doing it wrong. Changes in mortgage rates will not be that drastic, at least not for the next 5 years.
You nor anyone else itt has any idea if rates are going to go up or down in the future, nor how much they will do so.
I locked in my rate because, at the time, I thought "4.5% sounds pretty low and I like knowing what my payments will be every month - and if they go much lower I can always refi".
Back from like 2000-2007 in the US, people were buying interest-only or ARMs and getting into homes with little or no money down. I know who some of these people are and several of them were on my FB feed from like 2008-2011 posting about their home for sale because they couldn't afford the $3,700 payment or whatever. Massive tards.
I pay $753/mo. for the next 11+ years.