1,452,819
I well remember the interest rates in the 19% - 21% days and people still bought homes, they still got mortgages and life continued.
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Roy Kelley
Gaithersburg, MD
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William Piotrowski
Naperville, IL
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Susan Emo
Kingston, ON
634,482
Our rates have been mostly flat.
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Roy Kelley
Gaithersburg, MD
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William Piotrowski
Naperville, IL
4,572,183
It's all about perspective, isn't it? I remember thinking 8 and even 10% were pretty good interest rates.
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Roy Kelley
Gaithersburg, MD
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William Piotrowski
Naperville, IL
784,786
1,153,794
........ or only $264 a year and $7,920 over the next 30 years as another perspective. Blame it on China. everyone else is.
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William Piotrowski
Naperville, IL
7,836,139
When mortgage interest rates were in the 16% level, some of us thought that we would be back to normal if the rates went back down to the 12% level.
Most of the agents in the real estate business have not really experienced high mortgage interest rates.
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William Piotrowski
Naperville, IL
3,164,294
They haven't gone up in my market and with what is going on in China and the feds likely now not to raise the rates in September I don't see them moving in the next year.
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William Piotrowski
Naperville, IL
212,755
Something we always have to explain, a lot of people can't imagine math with big numbers. They automatically think it has to be a huge difference. We always need to educate!
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William Piotrowski
Naperville, IL
6,393,494
Small increases like we have had in the last few years do not make any difference.
4,800,082
I haven't seen them going up much in my area. The 30 year fixed has been hovering at under 4% for the last month or so.