Just got to renew my mortgage! Wooooo. Lol, 5.25% for 5 years yeah! The only thing that ended up being great was we worked a line of credit in at 1% + prime.
this post was submitted on 10 Jun 2023
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Im at 5.90 now. Fortunately my mortgage has only a little over $100k left. So it sucks, but not painful. Feel bad for people who overextended.
We refinanced up to 174k but we are still on track to have our 30y amortization paid in 12 or less!
π«£
I don't understand what this means? ELI5 or is there somewhere I can read up on what real yields mean?
Oh, I read the article, interest rates are falling and briefly became negative which spiked inflation. And now interest rates have to suddenly rise to tame inflation.
ππππ π¦π¦ on that variable rate. The second I lock in we all know rates are going to crater...
Right as I need to replace my roof π