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Message
re: interest rates on home mortgages wont fall anytime soon
Posted on 7/25/23 at 4:34 pm to doubleb
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
2
Posted on 7/25/23 at 4:35 pm to LNCHBOX
A lot of posters are being pretty disingenuous. I remember in '81; a new construction 3 bed 2 bath in a new neighborhood was about $60k.
Posted on 7/25/23 at 4:37 pm to LNCHBOX
quote:
Tell us the purchase price om these homes
considerly lower than today's home prices. but pay scales were too.
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