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re: interest rates on home mortgages wont fall anytime soon
Posted on 7/25/23 at 4:28 pm to el Gaucho
Posted on 7/25/23 at 4:28 pm to el Gaucho
quote:
It’s so unfair how boomers had like 0 interest rates and back in the 90s and 00s they even had “subprime” mortgages where the interest rate was less than 0 and they got paid to borrow money What do the boomers do when millenials try to buy our first houses? They jack up the interest rates sky high
You have no clue.
Boomers buying homes in the mid to late 70s and early 80s paid high interest rates. 9-12% depending on when they purchased a home.
I bought my first home In 1976. I put down 20% and got my rate “down” to 9-1/4 %. In 1981 I bought another home and mr interest rates was over 11%. You are blessed and don’t even know it
This post was edited on 7/25/23 at 4:30 pm
2
Posted on 7/25/23 at 4:29 pm to doubleb
How much did you pay for that home in 1981?
Let’s get those numbers to determine who is actually blessed. Imma go out on a limb and say it isn’t who you think it is.
Let’s get those numbers to determine who is actually blessed. Imma go out on a limb and say it isn’t who you think it is.
Posted on 7/25/23 at 4:34 pm to doubleb
quote:
You have no clue.
Boomers buying homes in the mid to late 70s and early 80s paid high interest rates. 9-12% depending on when they purchased a home.
I bought my first home In 1976. I put down 20% and got my rate “down” to 9-1/4 %. In 1981 I bought another home and mr interest rates was over 11%. You are blessed and don’t even know it
Tell us the purchase price om these homes
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