Mar 29, 2025
11:40:42pm
11:40:42pm
I have several friends who bought new build homes in Utah in the last few years;
the builders offered an incentive which provided a 3% interest rate for the first 2 years afterwich it would adjust to whatever market rates are.
These friends believed rates would come down and are now stressing about an extra $800 a month on their house payment.
I'd bet there's a lot of people in a similar situation who could be in trouble if there's any hiccup in their jobs, health or other financial issues.
These friends believed rates would come down and are now stressing about an extra $800 a month on their house payment.
I'd bet there's a lot of people in a similar situation who could be in trouble if there's any hiccup in their jobs, health or other financial issues.
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- KayakCoug
- Joined
- Jan 15, 2012
- Last login
- Apr 11, 2025
- Total posts
- 1,771 (3 FO)
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So, according to FHA and other housing data, single-family mortgage delinquencies are conservatively around 5%...
Mar 29, 10:45pm
Mar 29, 10:47pm
This, along with the fact that the big jump usually hits around late April to May. We don't see these numbers in March.
Mar 29, 11:07pm
Mar 29, 11:24pm
Mar 29, 10:48pm
Well, the early 1980s correction wasn't the same as the early 90s correction which wasn't the same as the correction
Mar 29, 11:04pm
Mar 29, 11:35pm
There’s a lot of people with $6k/month mortgages right now just trying to make ends meet until they can do the refinance
Mar 29, 11:12pm
Mar 30, 8:38am
Mar 29, 11:40pm
Mar 29, 11:50pm