How low can we go? 30 yr fixed at 3.75% with no fees...

[YMMV]

Rent is going up crazy now. People are renting instead of buying.

 

[GrowthStateofMind]

Rent is going up crazy now. People are renting instead of buying.

People have to live somewhere right?

 

[OCtoSV]

Do rates matter for $2M+ market ? Don’t people limit mortgages to $750K for interest deductibility?

 

[vsfan]

Do rates matter for $2M+ market ? Don’t people limit mortgages to $750K for interest deductibility?

I was thinking about the same - but if you dont have US income the tax benefits is actually not meaningful at all.

 

[OCtoSV]

So let’s say that’s Irvine. What about Newport - is the white family dying to get into the Port Streets really going to take out a $3M mortgage?

 

[Loco_local]

White families dying to get into the Port Streets probably have inherited wealth or equity from buying before 2020. I don’t think higher interest rates will prevent them from taking out a million dollar loan and I doubt interest tax breaks figure much into their calculations since they have CPAs that already know how to lower their tax burden other ways.