How Bad is a 7% Mortgage Rate When Buying a House?
The numbers are pretty horrifying
Published in
9 min readApr 18, 2024
When I bought my house in 2014, my interest rate was 4.25%. When I refinanced in 2021, the rate dropped to 2.875%.
To say that interest rates have risen since then would be an understatement.
Here was what I found the last time I looked up the current rates:
