Home › Forums › Housing › Sell and rent until market drops? › Spdrun, we are today 0.8%
Spdrun, we are today 0.8% below the peak rates of four months ago.
For a common $650,000 mortgage, that’s a $300 a month difference in payments.
Conversely, if your max monthly payment before tax/ins is $3000/mo, your buying power went from $590k to $645k
Aside from buyers, current owners can refi at better rates, decreasing their desire to sell and making investor owned properties more profitable.
Finally, lower rates make alternative investments in bonds less attractive.
The old saying about yield curve inversion: it predicted 10 of the past 3 downturns.
