7%+ Mortgage Rates: Don’t Buy a House 🏠💸

30-year mortgage rates are still above 7%.

You really have to want that house to borrow at 7%+ when your investment returns aren’t guaranteed to beat the cost of that debt. 🏠💸

Example: $400K mortgage at 7.5%:

~$2,797/month

~$607K in interest over 30 years

That’s more than the original $400K borrowed, FYI just in interest alone 😳