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bmyst70 t1_je2xhhr wrote

Reply to comment by jujubean17 in Would you buy a house in RI right now? Why or why not? by TransitionSea9480

I've heard it's because most homeowners who got nice 3.5% interest rates during the pandemic are obviously loath to sell their houses to get a 6.5% or 7% interest rate.

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rninri t1_je36iko wrote

We got 2.875 in April 2020. We were not planning for this to be our forever house but not sure how we can let go of that interest rate

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Hurdler1024 t1_je3ja0n wrote

Exactly this. I told my husband we can never leave. Instead of upgrading for more space, we're looking at adding an addition.

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SnooDrawings7662 t1_je5gfu9 wrote

Several people in my neighborhood have done additions in the past 2 years.

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BWanderful t1_je5nqgl wrote

Yup, we didn’t even buy during that time, just refinanced. But not going anywhere now with these rates.

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onewheelonelove t1_je30bbo wrote

3.25 to be exact. I would rent my house before i sold it and rent something else. interest rate is too good.

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darekta t1_je4lqho wrote

I refinanced right before shit kicked off. I got 2.125%

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GodlyTaco t1_je35ip7 wrote

Yeah, 3.5% here, I don't think I'll sell anytime soon, my mortgage with taxes included is pretty much what I was paying for rent almost 4 years ago.

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Sparkleshart t1_je4d1l9 wrote

2.85%. Will never sell. If I ever have to move it’s a rental.

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