A TikToker interviewed several people on the street, asking them what the interest rate at which they bought their house was – the answers.
Buying a house it is an important investment that most people make in life in order to have a roof under which to sleep and live and eat. Not everyone, however, chooses to take out a mortgage and to discount your home in 20 or 30 years. In fact, there are many people who prefer to invest their money differently, living in rent. A TikTokersHowever, he wondered what the interest rate of the people he met on the street was: let’s find out together what the passers-by’s responses were.
Mortgage interest rate, a figure that changes over the years
As many of you know, the interest rate of a mortgage varies depending on the historical period in which we find ourselves, based on the value of the brick in a given period and also, essentially, in consideration of historical, political and social events that occur at a given moment.
On the other hand, we have seen that, in recent times, starting from war between Ukraine and Russia The prices of basic necessities have increased, but also those linked to the purchase of a property.
@moddy.style Is it still worth getting a house? #property #mortgage #house
♬ original sound – moddy.style
On the other hand, however, a similar situation had already occurred starting from 2008, the year in which a crisis began which then led to the remodulation of interest rates upwards: in fact, many people began to buy houses with a decidedly unfavorable rate. A TikTok userAt this point, he wanted to question people passing by on the street, asking them, in effect, what interest rate they had purchased their house at.
The responses of passers-by
The TikToker who decided to question passers-by on the street – on this thorny topic – is Moddy.Stylewho met a woman on the street to whom he asked: “What interest rate did you get the mortgage at?” and the woman replied: “At 1.55%”, “How many years ago” asked the TikToker and the answer was as follows: “Two years ago, exactly before the war in Ukraine“.
Another user, however, explains that he bought a house in Cagliari, his hometown, just or after the 2008 crisis, taking advantage of a very high interest rate: “The rate then was 6.5%.“.
Therefore, these responses, even if limited and circumscribed, make it clear that interest rates have risen over time and that, in fact, they are continuously remodulated, also based on historical and social, as well as economic, events. For these reasons, therefore, it is always good to analyze the interest rates present in a specific historical moment and understand if, in fact, they are convenient or if you have to wait some time to then be able to purchase a house at a more advantageous rate.
