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Hot_Introduction_270 t1_j4vgkzf wrote

Reply to comment by magnoliasmanor in For those of you that want that Island life. My coworker brought this into work today. by MavDrake

I think until rates get back into 4-5% you will see people holding onto their homes if the can pay their mortgage.

I have a 15-year at 2.15% that I will not be giving up.

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magnoliasmanor t1_j4w13nu wrote

Exactly. That's why I don't think anything major in price corrections in real estate will happen. There won't be any distressment for 98% of people out there with a mortgage.

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