For perspective the record high for mortgage interest rates in the US was 18.6% in October 1981. Wait... isn't that when Boomers were buying houses and everything about life was easy and perfect? Yes.
this post was submitted on 06 Jun 2026
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me_irl
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There are always going to be pros and cons to any situation but as a Canadian I'm thankful our system is setup where the amortization is set but you redo financing regularly. I'd hate to have to buy a house and be paying a set percentage the rest of the life of the mortgage it causes situations just like this.
That said, I wish we could claim the interest paid on our homes with our taxes which we can't.
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Is this Canadian or something? Average house prices peaked in the United States in Q4 2022. House prices are only marginally higher than they were in Q1 2021 rn and are lower than Q4 2021.
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