Suze Orman Says 'Today's High Mortgage Rates Are An Important Lesson' [Yahoo! Finance]
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Source: Yahoo! Finance
Her blog stressed the importance of prioritizing current circumstances over future expectations, regardless of homeownership status or mortgage involvement. She noted that mortgage rates remained unusually low for more than 15 years. After the 2008 financial crisis, they fluctuated between 3.5% and 4%. This led many people to believe that low rates were the norm and that they could get favorable mortgage terms for future home purchases or sales. But last fall, the interest rate on a 30-year fixed-rate mortgage skyrocketed to nearly 8%, significantly increasing the cost of homeownership for potential buyers. Don't Miss: Only 0.2% of single-family rentals make this platform's rigorous cut. You can co-invest in them with Jeff Bezos and other notable investors for only $100 Want to Create a Passive Income Stream? These High-Yield Real Estate Notes Might Be Your Holy Grail While mortgage rates could come down, it's also possible that they won't. Mortgage rates are tied to the fe
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