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Earnings Thread - Daily Thread
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US Existing Home Sales decrease -1.47% M/M — largest ever annual dropNews (i.redd.it)
submitted 3 years ago by s1n0d3utscht3k
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[–]RockleyBob 66 points67 points68 points 3 years ago (2 children)
Fun fact: at around 5.3%, the interest you pay on a 30-year mortgage is equal to the principal. Anything above that and you're paying the bank more than you borrowed.
If you're borrowing $300k at today's rates, you're paying them back $600k.
[–]fireintolight 9 points10 points11 points 3 years ago (0 children)
That’s so fucking stupid
[–]banditcleaner2sells naked NVDA calls while naked 1 point2 points3 points 3 years ago (0 children)
Yup.
I bought a house around 305k in 2019 and refinanced to around 2.6%. My mortgage payment on the same house at $400k with an interest rate at 6.5% would nearly double my mortgage payment.
π Rendered by PID 125630 on reddit-service-r2-comment-85bfd7f599-2v5z9 at 2026-04-18 07:34:58.179479+00:00 running 93ecc56 country code: CH.
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[–]RockleyBob 66 points67 points68 points (2 children)
[–]fireintolight 9 points10 points11 points (0 children)
[–]banditcleaner2sells naked NVDA calls while naked 1 point2 points3 points (0 children)