Damn, what country are you in? I bought at the tail end of the 2008 crash. Things were still low but, coming back up. I think I’m at 4.5%
My friends parents bought in 2007 and keep making terrible financial decisions so they can’t refinance. If I understood right their interest rate is 15% or something INSANE.
Romania. We are in the EU but not in the €urozone. We still use the local currency. For the same amount in € the rate is 6.40%. Total ripoff compared to the Northern/Western parts of the EU which is why I didn’t sign shit. They can go fuck themselves.
Here in Canada my wife and I got 2.19% at the end of 2021.
Unfortunately the 1100 square foot condo we bought cost us 550k.
Looks like the lowest I can go is around 6%, which makes renting a better proposition for me.
For the US, June 2023:
For a 30-year, fixed-rate mortgage, the average rate you’ll pay is 7.06%
The average rate for a 15-year, fixed mortgage is 6.46%
12 years ago house mortgage were 4% with good credit.