Rates this year have plummeted from the peaks of 2019. I spoke with a couple of mortgage loan originators this week to get the low down here. In East Tennessee you can get around 3 1/2% on a conventional 30 year fixed rate mortgage without buying down the rate. 15 year fixed are slightly above 3%. These rates are hovering around all time lows in the United States.
Maybe you should consider buying a house in Denmark or Amsterdam though. Why? Mortgage rates there are getting really weird. Negative rate weird. They will pay you 1/2% to take out a mortgage in Denmark. Here’s a link to the details in case you don’t believe me.
Before you start looking for a job and a house overseas, think about a couple of things. Taxes in Europe are out of control and so are home prices.
Even if a move to Amsterdam isn’t in the cards, you may want to call a mortgage originator and ask them to run your refinance numbers.