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Apr 19, 2021
4:21:29pm
boogers All-American
Real Estate PRICES
In 2021, with a 20% down payment on a $404k house, mortgage of $326,772. Payment is now $1377 with a 3.0% rate.

If rates go up to 5% , $1377 a month only gets you a $256,500 loan.

At 7%, $1377 a month gets you a $207,000 loan.

So what do yo think is going to happen to housing prices and the equity in that $404k house if that happens?
boogers
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boogers
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Dec 26, 2013
Last login
May 10, 2021
Total posts
24,169 (1,192 FO)
Related Threads Topic: Real Estate Affordability (Sandiegan, Apr 19, 2021 at 4:05pm)

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