Eli5 Why are they saying mortgage interest rates are at 7%? Wouldn’t your interest rate be based on your credit score like a car loan?
In: 0
2 people I know who just bought a house had a 6.5 like 2 months ago and like 6.9 last week so I’m sure that’s not an exact number. It’s crazy either way though because when I bought my house in 08 I’m pretty sure I was at a 2.5 and in 2019 when my ex refinanced it under her name she got like a 1.9 or some shit.
Latest Answers