re: Mortgages Jump to 7.16%, Highest Since 2001

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Mortgages were 18% under Carter and people still bought. If you're willing to hedge you could buy at a high rate and lower price and refinance later if things level out.

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Sure but houses were less than half the price in relation to median incomes in the 70s and interest rates on a savings account were 15%

Not exactly a helpful comparison