[CowboyJay]

I’m thinking 70s - anywhere from 14-20%. I wonder what the credit cards will charge ?

Nah. A-rates will continue to be A-rates. Driven 99.5% by the Fed discount rate and/or Prime, and the rest by consumer demand. Nobody with a FICO over 680 will be affected. Subprime lending is already a dying institution, and this will be another nail in the coffin.

The B-paper folks will probably be paying a little bit of a premium, but not much. My guess is it will lead to more scrutiny by lenders at the underwriting level. Really, that's in the best long-term interests of everyone involved anyway.

[nicola_tesla]

You obviously don’t remember the 70s. A “normal” long-term mortgage rate was anywhere from 11% to 19% before Volcker finally relented and started dropping FFR.

My first mortgage was a 12.something percent.