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10nisman

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10nisman

Re: santafe2 post# 103147

Sunday, 09/25/2022 12:46:30 PM

Sunday, September 25, 2022 12:46:30 PM

Post# of 110034

This morning I was gauging the additional cost of a 30 year mortgage since the rate bottom at the end of 2020. For about two months 30 year mortgage rates hovered around 2.7% according to the St. Louis Fed. Last week's average was 6.29%.

Why gauge the cost based on the ultimately low that lasted two months? Using the average rate for 2020 and 2021 would be a much more appropriate and reasonable methodology.
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