is that statistic own their house outright or have a mortgage that once they pay off, if they pay it off, will then own it. Either way Im amazed its 50% but remember in 2008 mortgage rates were about 6%
Yeah, mortgage rates are definitely higher now. 30 year fixed rates are around 7%, if your credit score is around 700. Still around 6% with high credit scores.
As I mentioned elsewhere, over half of millennials own their own home. So it’s more like houses are for the 53%, but I take your point.
is that statistic own their house outright or have a mortgage that once they pay off, if they pay it off, will then own it. Either way Im amazed its 50% but remember in 2008 mortgage rates were about 6%
The majority of all homeowners have a mortgage.
Yeah, mortgage rates are definitely higher now. 30 year fixed rates are around 7%, if your credit score is around 700. Still around 6% with high credit scores.