No one cares about your interest rate, amirite?

Tell me you have no money without actually saying you don't have any money. Honestly it's people with not a lot of money that the interest rates affect the most because they're the people that usually need a loan.

by Anonymous 2 years ago

Being bored about talking about money or interest rates is a wealthy person's thing...

by Anonymous 2 years ago

Its a person without investments thing so...kinda

by Anonymous 2 years ago

We talk about it because financing $400,000 at 3.5% is a very different animal from financing it at 7%.

by Anonymous 2 years ago

The real flex is paying off your debt before the interest rate even matters.

by Anonymous 2 years ago

Most people don't have $300k just sitting around. Also at a low interest rate, it's cheap to borrow.

by Anonymous 2 years ago

Interest rate pissing contests are fun when you know you're going to win. It usually evens out though. Inlaws bought their house 20 years ago with a 30 year mortgage. We paid 35k more, 30 year mortgage, and our interest rate is less than half theirs. Mortgage payments are almost the same.

by Anonymous 2 years ago

OP unless the owner of the house is trying to resell it at a loss, who's to say they overpaid? And even if they did overpay at least they are earning equity every month in their home opposed to a person paying rent because they just see their money completely disappear on a monthly basis.

by Anonymous 2 years ago

You must have some pretty boring friends or coworkers if that's what you're talking about

by Anonymous 2 years ago