Quote:
Originally Posted by Susie Cougar
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.
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Same. First condo purchased in spring of 82. 19.25 one year adjustable! Always have a laugh when people discuss their displeasure with rates around 5%. Today’s rates are unheard of, but I counter that with the extremely high building cost in the area.
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