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re: interest rates on home mortgages wont fall anytime soon
Posted on 7/25/23 at 5:13 pm to el Gaucho
Posted on 7/25/23 at 5:13 pm to el Gaucho
You are delusional. My first house, about 1400 square feet cost roughly $65000 and I had a 12.75% interest rate. Rates stayed high for at least ten years and housing values did not change much because few could afford to buy with those rates. The house payment took up about 50% of my net income.
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