"I also remember after that Carter period when a 9 or 10% mortgage was a real bargain and 12% was the norm."
We bought our current home in the late summer of 77, and we got an 9.5% rate because of the size of our down payment, 50%.
Several refis later to keep the house in shape and college expenses, our interest rate is 5.25%, and the monthly payment isn't much larger than w/the original loan.
Several refis later to keep the house in shape and college expenses, our interest rate is 5.25%, and the monthly payment isn't much larger than w/the original loan.And depending on your financial situation probably easier to make.