4/20/22 Interest Rates Snuck Up?

     It only makes sense with everything going up that interest rates would be following too.  Last week, Wife and I were talking about maybe borrowing from our house again, I mean with the valuation they are giving it here in Austin, it almost makes sense to do it.  Our house valuation has basically doubled what it was just a couple years ago when we did refinance.  My thought was possibly borrowing some money, pay off Wife's car and a few credit cards we have been using, such as the repairs on the Excursion and now the Escape.  It really sucks because we are trying to keep our cars longer, but then assholes come and tear parts off and we have no choice but to fix them at a huge cost to us.

    Anyways, as I understood it, rates are at an all-time low, or so the commercials like to say.  Not no more, shoot, I was very surprised to see that 4% is about the going average rate I saw.  We managed to refinance at 2.75%, which is not the lowest, but it is pretty good.  I cannot go refinancing to a higher interest rate to borrow a little money, that would be dumb.

    We are not in horrible shape, financially, but it would be nice if school ended here pretty soon.  Mijo is now costing a pretty penny, as he suddenly developed a life.  Every week, we are finding ourselves giving him money for this and that, which is normal, but then we are also participating and donating to his school's sports teams like never before.  Wife was talking to some of the other parents at the car show, and they are in the same boat.  We are giving and giving to the point that it is starting to hurt.  This is all voluntary, which means we can back off, but we want to help as much as possible.

    Big picture, we'll be fine, but again, higher interest rates just mean another hurdle for Boy to ever afford a house, and if he can't afford one, how about everyone else who isn't even making as much as he makes?  Life is just going to keep getting tougher here in Austin and there will really be a divide between the haves and have nots.  At this point, I don't really care of the left or right fixes it, but someone needs to be looking for our best interest and figuring out ways to make life more affordable.  It sure doesn't help that the old Crypt Keeper in the white house has announced to expect food shortages coming up.  I mean if he knows it is going to happen, get in front of it and do something about it.