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re: Older Baton Rouge residents. What lead to the decline of NBR?
Posted on 6/25/17 at 10:16 am to Tchefuncte Tiger
Posted on 6/25/17 at 10:16 am to Tchefuncte Tiger
quote:
Low interest rates in the '80's
What??? The highest interest rates on record are from the 1980's.
The federal funds rate, which was about 11% in 1979, rose to 20% by June 1981. The 1980's average interest rate was 18%.
Compare that to my 3.8% mortgage today.
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