Were not far off what the average mortgage rates over the last 50 years. We have been spoiled by recent stupid low 2% rates.
@QuaintUnicornGreen2wks2W
Except the average fixer upper is now 4-500k. Most people can't afford $4500/mon for a mortgage. A brand new 3000sqft house in Dallas 1998 was $200k at 12%. You couldn't buy a plot of land for that today.