When I bought my first home, interest rates were above 10%
Between 1971 and 2021, 30-year fixed-rate mortgages floated between 7.29% to 7.73%
When I bought my first home, interest rates were above 10% (that was sometime in 1988)
When you put the numbers in perspective, today’s rates really don’t seem so bad. What was the interest rate of the first home you purchased? Let me know in thecomments below!
#interestrates #financenews #nahedtherealtor #estateofgrace #markettrends #reels #realtorsofinstagram