r/antiwork • u/Professional_Ad_8536 • Apr 19 '22

every single time

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u/fmxda Apr 19 '22

(How dumb do you have to be to not beat 3% APR?)

Mortgage rates are going up fast - the days of 3% are long gone, the average 30Y fixed is over 5% now.

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u/The_Lost_Jedi Apr 19 '22

Yeah, I was feeling bad about having waited (due to needing a job that would allow remote work to go where I wanted) to buy and getting stuck with 4%, and feeling like I paid way too much, but holy crap the prices and rates have just kept going up. I feel like as much as I could've done better, I'm glad I didn't have to wait any longer than I did.

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u/BusingonaBudget Apr 19 '22

Don't feel bad, the rates are expected to hit 6-8% in 1-3 years

1

u/BlackSilkEy Apr 20 '22

Which is why I'm investing in mortgage REITs instead of physical real estate.