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re: The average 30-year fixed mortgage rate jumps to 7.50%
Posted on 4/16/24 at 2:54 pm to AmishSamurai
Posted on 4/16/24 at 2:54 pm to AmishSamurai
quote:
It's going higher. Think Carter and Reagan eras .
I can't dispute that circa '82 was when Reagan was in office, but it's a bit misleading to place Reagan in the same sentence with Carter vis-a-vis High mortgage rates. Carter's was self inflicted, Reagan and Volcker was by necessity having to clean up the Redneck's mess.
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