Mortgage Rates Still Low Historically

If you’re old enough to collect Social Security you might laugh out loud reading this from today’s WSJ: “U.S. mortgage rates have hit their highest level since 2014, a new challenge for a housing market that has been central to the economic recovery but remains vulnerable to even modest headwinds. The rate for a 30-year fixed-rate mortgage rose to 4.46%, the highest in more than four years and the ninth consecutive week of increases, according to data Thursday from mortgage-finance giant Freddie Mac.”

While everyone is talking about the “sharing” economy, I have yet to speak with an investor who regrets buying their home 40 to 50 years ago.