My parents bought their house in 1954 and the rate was 4 1/2 %
My parents monthly payment was 250.00..Oh if only those days were back...
My parents got off cheap..It was lower middle class and a lot of HUD housing...Then APPLE moved into cupertino and suddenly all those renters were gone,people bought the houses and my parents house went 10 times amount they had paid for it.... Annnnd their monthly was still 250.00.....