Memes for Ants (& Eye’s Most Still Enjoyed Thread)

[Fool's Requiem]

 

[Jon]

 

[Ants!]

 

[canadaguy]

From my understanding, that rate seems low

 

[Fool's Requiem]

That's just a shade over my car loan from 2021. Doesn't seem too bad.

 

[Crazy Jamie]

From my understanding, that rate seems low

There's always one who just wants more extreme content.

 

[dimmerwit]

 

[Jawneh]

From my understanding, that rate seems low

Mine are around 4. I think my subsidized one is a tad under and unsubsidized a tad over.

 

[Quagmire]

 

[canadaguy]

Mine are around 4. I think my subsidized one is a tad under and unsubsidized a tad over.

Oh okay I always figured they were much more exorbitant

 

[Jawneh]

Oh okay I always figured they were much more exorbitant

Ye. I didnt necessarily even want to get mine, as in the end I didnt need it for school, but as it was low interest and I didnt have much credit yet I got them. Money was later spent on the house. Decent deal.

 

[canadaguy]

Ye. I didnt necessarily even want to get mine, as in the end I didnt need it for school, but as it was low interest and I didnt have much credit yet I got them. Money was later spent on the house. Decent deal.

Depending on your mortgage rate, that could actually be a really smart play

 

[Fool's Requiem]

My mortgage interest rate is 2.6.

Guy said it was the lowest he had ever seen. Probably doesn't see many people who pay off their cards on full every month.

 

[Ants!]

 

[A Vaguely Ambiguous Username]

My mortgage interest rate is 2.6.

Guy said it was the lowest he had ever seen. Probably doesn't see many people who pay off their cards on full every month.

Nah, it's actually literally the case that it was only that low for a very short period of time:

 

[dimmerwit]

Yeah I was going to say that you took one out at close to the best time in the roughly 140 years the product has existed.

 

[Fool's Requiem]

wtf, why were intrest rates so high in the early 80s?!

 

[A Vaguely Ambiguous Username]

wtf, why were intrest rates so high in the early 80s?!

Because it was for a much more affordable product that people were able to pay off faster.

Not sure actually but I'm going with that.

 

[A Vaguely Ambiguous Username]

It's probably global economy related actually. Oil embargo time period kicked things off and then Reaganomics in full swing.

 

[Ants!]

wtf, why were intrest rates so high in the early 80s?!

Interest rates in the 80s:

 

[shortkut]

My mortgage interest rate is 2.6.

Guy said it was the lowest he had ever seen. Probably doesn't see many people who pay off their cards on full every month.

My wife and I have credit scores of 800 (+/- depending normal fluctuations). The mortgage rate doesn’t have much to do with your credit score or paying off your card every month, but more to do with the market at the time of purchase. We’re around 6.75% for ours

 

[Fool's Requiem]

My wife and I have credit scores of 800 (+/- depending normal fluctuations). The mortgage rate doesn’t have much to do with your credit score or paying off your card every month, but more to do with the market at the time of purchase. We’re around 6.75% for ours

I bought mine in summer 21. When did you get yours?

Also, I think the VA loan helped me get a better rate.

I'm definitely not looking forward to whatever bulllshit interest rate I'll get when I move in a few years...

 

[The Eye in the Sky!]

Me and FR in the sub 3% club. No one else is invited. We eat steaks and drink champagne because we are the only people that can afford it now.

 

[A Vaguely Ambiguous Username]

I bought mine in summer 21. When did you get yours?

Also, I think the VA loan helped me get a better rate.

I'm definitely not looking forward to whatever bulllshit interest rate I'll get when I move in a few years...

lol you bought at the absolute lowest point on the chart. Good job with that timing.

 

[dimmerwit]

wtf, why were intrest rates so high in the early 80s?!

It was Fed Chair Paul Volcker dramatically raising interest rates in an attempt to definitively crush inflation. Inflation was nearly 15% and the federal funds rate topped out at 20%.

 

[shortkut]

I bought mine in summer 21. When did you get yours?

Also, I think the VA loan helped me get a better rate.

I'm definitely not looking forward to whatever bulllshit interest rate I'll get when I move in a few years...

Fall 2024

 

[canadaguy]

Me and FR in the sub 3% club. No one else is invited. We eat steaks and drink champagne because we are the only people that can afford it now.

Me with my mortgage paid off

 

[Fool's Requiem]

lol you bought at the absolute lowest point on the chart. Good job with that timing.

I wish I had bought a nicer home that didn't require flood insurance. I didn't anticipate interest rates to skyrocket.

 

[Fool's Requiem]

Me with my mortgage paid off

 

[The Eye in the Sky!]

Me with my mortgage paid off

If we're gonna play that game, I have the remainder of my mortgage amount sitting in a 4% rate HYSA since my loan rate is 2.875% and syphon off the interest each month and throw it in my Roth.

I'll consider paying off the house if my bank rate goes below my mortgage rate, but it's nice to have the flexibility.

I might just pay it off so I can start a new club with you and kick FR out.

 

[dimmerwit]

 

[Gloom-is-good]

We (my husband) refinanced in 21 and got a really good interest rate too! Can I join the club?

(Tbf, I actually don't know what the interest rate was before or after. He handles all that. I'm just a useless raccoon living in his house )

 

[canadaguy]

If we're gonna play that game, I have the remainder of my mortgage amount sitting in a 4% rate HYSA since my loan rate is 2.875% and syphon off the interest each month and throw it in my Roth.

I'll consider paying off the house if my bank rate goes below my mortgage rate, but it's nice to have the flexibility.

I might just pay it off so I can start a new club with you and kick FR out.

I mean I do not recommend my method.

 

[Quagmire]

 

[Fool's Requiem]

View attachment 32959

 

[Quagmire]

 

[Ants!]

View attachment 32961

Wyd later

 

[Nae'blis]

Wyd later

Visiting Pound Town obviously

 

[Quagmire]

Wyd later

 

[The Eye in the Sky!]

 

[Fool's Requiem]

View attachment 32962

I'm goosing this. I might have see this somewhere else but I don't feel like checking.

 

[Nae'blis]

I'm goosing this. I might have see this somewhere else but I don't feel like checking.

 

[Quagmire]

 

[Ben]

 

[shortkut]

 

[Quagmire]

 

[Ben]

 

[Ants!]

 

[Fool's Requiem]

View attachment 32971

I dont know if I could do the 2 hours stuff.

 

[Quagmire]