this post was submitted on 05 Aug 2024
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Housing Bubble 2: Return of the Ugly

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[–] InvaderDJ@lemmy.world 1 points 3 months ago

Unless the overall mortage payment goes down or you have a serious need (had a baby and need more room or have a physical challenge and need less), I can't imagine abandoning a low interest rate.

I bought this year and the interest rate makes my payment so much higher that it is insane. I can't wait until rates lower and I can refinance.