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re: Predicting a 30 year mortgage rate around October 2022?
Posted on 12/10/21 at 7:51 pm to SDVTiger
Posted on 12/10/21 at 7:51 pm to SDVTiger
Nobody thought they would go that high in the late 70’s either. They were raised to deal with inflation which was 13.5% in 1980 and 10% in 1981. If inflation gets up to those rates again, you might see very high interest rates again. CD rates were high too.
1
Posted on 12/11/21 at 6:03 am to FlyingTiger1955
quote:
They were raised to deal with inflation which was 13.5% in 1980 and 10% in 1981. If inflation gets up to those rates again, you might see very high interest rates again.
If we measured inflation like we did back then, todays inflation would exceed those numbers.
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