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hank said, Don’t bet the farm on any particular point. Conventional wisdom.
3 years ago: 30-yr mortgage rate was 3.13% & median existing home pricein the US was $284k.Today: 30-yr mortgage rate is 6.67% & median home price is $396k. Result: $22k increase in down payment (assuming 20% down) and 109%increase in monthly payment (from $973 to $2,037).
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