My wife and I bought our house 5 years ago, and I feel like we slipped in at the final moment the curtain was descending. Our interest rate is 2.25% and the house we bought has appreciated about 25%. For perspective, in 1992 I bought my first house with my ex, and we spend $92,000 and had an interest rate of 8.5%. She still lives there, and that $92,000 is now worth roughly $275,000.