does anybody remember the late 70’s - early 80’s when the prime rate got up to 23.5%
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Yup, I do! I had just graduated from college, got a job, and needed to buy a car... I looked into used vehicles but found out that for a new car, the interest rates were a lot lower! Not what I wanted by any means but what I could afford: a 2-door, Ford Escort hatchback with no AC, no radio, and roll-down windows. That car stayed with me through my first few years of teaching, getting married, moving to Miami where our first child was born, and then back to Virginia where our second child was born. We ended up selling it to a high school kid when we could finally afford a bigger, new-to-us station wagon.
I bought a house in 81. V.A. - rate in the mid teens...glad to get it.