RunFarSkiHard
RunFarSkiHard t1_ix1pj68 wrote
Reply to comment by SynbiosVyse in For people that bought single family homes in Boston or adjacent suburbs since last summer, how much are you paying per month in mortgage, taxes, insurance? by Bostonosaurus
Oh yeah. I have one friend locked in at 2.4% and another locked in at 1.8%. It hurts my soul thinking about it
RunFarSkiHard t1_ix1evy4 wrote
Reply to For people that bought single family homes in Boston or adjacent suburbs since last summer, how much are you paying per month in mortgage, taxes, insurance? by Bostonosaurus
Currently in the home buying market and the math of interest rates is really the driving factor. For example, the payment on a $600,000 mortgage at 7% interest rate is more or less the same as the payment on a $950,000 mortgage at 3%.
I have friends that are locked in below 2%. At that rate, a $1.1mil mortgage is the same payment as described above.
RunFarSkiHard t1_ix6i9c5 wrote
Reply to comment by SynbiosVyse in For people that bought single family homes in Boston or adjacent suburbs since last summer, how much are you paying per month in mortgage, taxes, insurance? by Bostonosaurus
I know it's fixed and I do believe them. Maybe they bought points though, I never asked that. I just heard 1.8 and was too sad to continue the conversation haha