Quote:
Originally Posted by Biggd
A few months ago I found my parents original mortgage commitment from 1954, $15,000 at 3%.  |
My parents had a 6% mortgage rate when they built their house on the lake in 1963.
When we bought our first house in 1978, a 30 year fixed rate mortgage was 18%. We opted for an adjustable rate mortgage at 12% with 20% down.