Lender just quoted me 8% and 2 points. I’m no longer entertaining the notion of buying a home.

likefunny
Posting as :
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You are much better off to rent

smart

😬

I just closed on a 9% variable... fml

9% is the intro? What’s the max it can go up to?

like

With what credit score and how much down? Brutal

It’s all a choice of course and risk management decisions.

Ironically, a jumbo loan might improve your odds of a lower rate.

Highest rates in 20 years, absolutely brutal, but historically speaking 8% isnt bad, its the supply demand curve driving up prices is just ruining everything. Feel bad for fthbs

Yep, that’s me a FTHB🤦🏽‍♂️ I just want a condo, and most condos aren’t FHA approved so I have to go conventional. Cant afford a house, so I’m between a rock and a hard place😂

Did you shop lenders? Or is this just the first option?

What state? I just quoted someone 7.55% with 3% down 800 credit score

Get variable rate and wait for a recession mid of 2024

Ah yes, Nostradamus here to predict the future. Variable rate loans were only 0.125-0.25% better when I locked months ago. Significant risk for little reward

Sent you a dm if you are interested. Can definitely get you a better rate than that.

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