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cncamusic t1_j9cn308 wrote

I used TTO. I knew I would be in my home for a while so it made sense, and it brought my mortgage payment down to a reasonable place while letting me put less down. Would be great if rates weren’t so awful but it is what it is.

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wanderforreason t1_j9ctwjc wrote

Interest rate for mortgages are probably around where they should be. They were historically low. It's a way healthier percentage now.

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cncamusic t1_j9cu111 wrote

Yeah I really just meant relative to where they were 6 months before I purchased but you’re totally right.

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kril89 t1_j9ge31e wrote

House prices still need to adjust to these higher interest rates. Without TTO they are pretty unaffordable for first time homebuyers. Unless you’re moving here from out of state with a nice high paying remote job.

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