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Re: Mortgage Rates

By: ribit in 6TH POPE | Recommend this post (0)
Fri, 16 Sep 22 3:52 PM | 27 view(s)
Boardmark this board | 6th Edition Pope Board

Msg. 35594 of 60008
(This msg. is a reply to 35591 by micro)
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...I don't remember the interest rate, but my house payment in 1970 was $211.00 per mo including taxes and insurance. Dunno how I managed to pay it.

Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!

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The above is a reply to the following message:

Re: Mortgage Rates
By: micro in 6TH POPE
Fri, 16 Sep 22 2:20 PM

Msg. 35591 of 60008

This is nothing.

Do you remember the Carter years? Around 1980 when mortgage rates hit around 20 ppercent?

I had to remove my house from the market because I could not mortgage another one and move toward Mount Vernon, Ohio to take a position with Grumman.

My career took off after this so it was known to me that it was God's plan for me for the events that happened and followed..

BUT, I remember well when mortgage and interest rates under Carter were simply horrific..

I am sure Ribs does as well.

So, compared to some prior years today ain't nearly as bad...

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