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We Gave Up a 2.75% Mortgage Rate to Buy a New House, and We Have No Regrets [CNET News]

Independent Bank Corp. (INDB) 
Last independent bank corp. earnings: 4/23 04:10 pm Check Earnings Report
Company Research Source: CNET News
economic booms or dips during downturns, but generally, home prices go up a few percentage points a year. My husband and I had put off buying our "forever home" for some time, holding onto our smallish condo with the 2.75% mortgage rate we scored during the pandemic. Over the last few years, we've watched supply remain stagnant while property values continue their steady upward march. So when we found a single-family house exactly where we wanted to be in Massachusetts, we knew we had to jump on it. I won't lie. We love our new home, but we're dealing with sticker shock. Even though we can probably refinance in the future, it was painful to give up our relatively cheap monthly payments just to get ahead of the competition. Our situation isn't unique. Tons of homebuyers are locked out of a challenging housing market due to tighter inventory , high prices and costly interest rates. Some of us feel the only way to adapt is to lock in a manageable housing payment before things get Show less Read more
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