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Economy

snowybirdie

(5,665 posts)

5. o they are not

Reply to SWBTATTReg (Original post)

Fri Sep 9, 2022, 03:13 PM

Sep 2022

Look it up. We had a 6%+mortgage in 1967,plus another percent or so of mortgage insurance. At that time mortgage rates were high. Some as high as 8 or 9 %.

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Mortgage rates are at their highest level since the Great Recession... [View all] SWBTATTReg Sep 2022 OP

Need to outlaw or tax the crap out multigraincracker Sep 2022 #1

Should be even higher- traditionally, rates avg. 5-7% Fiendish Thingy Sep 2022 #2

My second house, bought around 1980 was financed at 11 1/2%. Chainfire Sep 2022 #3

They've been crazy low for too long. Scrivener7 Sep 2022 #4

o they are not snowybirdie Sep 2022 #5

The Great Recession was 2007-2009 progree Sep 2022 #6

Median house price was 3x median income in the 80s, it's close to 7x now progree Sep 2022 #7