i was thinking back to when i bought a car in the 80’s. I was real careful shopping price, got the lowest price possible but didn’t shop interest rate at all, and got some cockamamie lousy financing through the dealer at a bad rate. dumb.
houses are different in some ways, but man, i thought about housing prices, but I hadn’t really been thinking about what a difference interest rates make on your payment. there’s just so many moving pieces a guy can keep in mind. Price seems easier to control. i am always in a state of shock whenever i catch a lucky bounce, but my 4.375% jumbo rate is starting to look good to me, even if prices go down on houses. I mustve drank some koolaid or gotten brain damaged or something. I’m sure there are earlier posts where I mocked, derided and insulted people who buy based on the monthly payment price. But dammit, the monthly payment price matters! And I kind of to some extent bought based on the monthly payment price being a number I liked.
