Forty years ago today, U.S. mortgage rates hit 18.5%.
“Forty years ago today, U.S. mortgage rates hit 18.5%.”
Forty years ago the feds were paying interest on a $1T national debt. What’s the interest payment on the 30+ trillion debt at rates that are actually curbing inflation?
I bought a new house with an interest rate mortgage of 13%.
Yes, those of us who were around remember the Carter disaster well. However, you can't convince the woke crowd that it's coming again, and will likely be much worse this time around.
My wife and I bought our first home in the fall of 1979 with a 11.25% 30 year mortgage and considered ourselves very lucky we got in just before the 18% rates.