Quote:
Originally Posted by chemgear
Mind you, all of this doesn't matter. We all know everybody on CP is making six figures and has their homes paid off already!  |
6 figure income is barely enough to get into affordable housing these days. The drivers on this offtopic board likely make 250 plus and don't have any kids.
A lot of estimates that I've seen had fixed mortgages bottoming out around the start of next year with the first quarter all being pretty much the same. As Opendoor notes, those are based on longer term and have these rate cuts largely priced in. I'd look to convert the variable I have on the rental house to a fixed around that time. But I'll be tapped out by next spring and forced to sell. So I hope the local real estate market here holds till than. It's started to crater outside of where I live...but our prices are still low.