5% mortgage rates starting today

5% mortgage rates starting today

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Thanks Feds.

TIME 4 JAPAN

>fees and points: $787
lmao, thats gonna be horse shit

My credit union is still showing 4.1%

well every lender sets their own rates, and some stray from the averages or lows. theres not one set rate from private lenders. you also have to account for what each lender is charging for a mortgage or refinance, that fee varies quite a bit

they just need to update it, some websites are slower

Canada is fucked. Rates been low for years now.

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IT'S FUCKING OVER HOMEOWNER BOOMERS

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get fucking rekt homefags
crash is comin
no one deserves it more than you

>All those millenials who FOMO'd in at the top

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I bought in 2009. rates in my country were 8-10%. if you buy a house and cant factor inflation in you should not own anything. current rates vary between 2-4% fixed/floating. you legit need to be prepared for 20% interest rates. if it does not happen, then your laughing. if it does then you dont have to live off insects. 20% rates were a real thing here in the 70's and 80's.

I am millennial fag and didn't experience the 20% rates but I remember my boomer parents talking about it.

>tfw praying for higher rates + lower sticker price so I can just buy in cash

>big recession just around the corner
>massive losses of household income
>increased cost of living squeezing margins
Its going to be a Shemitah Foreclosure Fest the likes of which we've never seen.

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So, does the shoah happen AFTER the Shemitah year finishes (late September), or how does that work?

youtu.be/OHlb335yz3Y

>Ethereum shown in the banner alongside S&P500 and RUSS 2k
But yeah we're still early....right?

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And YET nothing will ever happen

Yeah but you just gotta squat for 5 years then your ahead again.

My current house - owned 5 years bought 1.4m (pacific pesos), 2.5m this year. if it rolls back 20% from here I dgaf.

Plus its a large site, i can sub-divide and build 5-8 new houses on it. Its 15 mins from the CBD of biggest city in NZ.

The toranic ordinance states that debts must be remitted (but not for goys) before the end of the Shemitah year. You can see that Russian jews in debt have already taken care of that by devaluing the Ruble by half - thus allowing them to settle debts for a 60% discount, just like they did last shemitah (2014-15).

In the West, it seems our jews are mostly creditors, so the law would require them to release debtors from payment. However, as jews love to interpret the law in their favor, the debts will be "released" via default, and the creditor jews can collect the assets of the bankrupt homeowners & businesses. Therefore, having the Fed raise rates bigly and causing a massive default wave across the country would fulfill the shemitah if done before September 2022.

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Thank you, learned jew scholar.

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You're probably right and as long as you own outright or can keep a positive cashflow it doesn't matter.
Shittiest situation (which seems more possible than ever) would be a bubble pop - japan style, where we crash for the next 20 years then crab for a decade.

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basado
god bless the shemitah

this is what will happen
housing bear market

Bought an apartment with my gf two years ago for 320k eurolinos with 280k loan on it. My mother was astounded we got so much from the bank as she paid 10-15% interest rates with my dad when they got bought their house. So yeah. I'm actually better of than my parents. Funny that.

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cant wait to own 2 houses and have no job!

ELI5 what does increasing rates mean and why is it such fear porn. Would prefer someone in the mortgage industry to chime in.