Off-Topic: Historical Home Interest Rates

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	Name:	Osms -
	Subject:	Historical Home Interest Rates
	Date:	4/17/2012 11:54:46 AM

Sometimes you look back and wonder just how stupid you were....or over confident. I moved and built a house in the spring of 1982. Mortgage rates were 16%+ when we started and 12%+ when we closed. Building in that economy was interesting; you could call a sub-contractor and he'd be there in 30 minutes because there were no other projects in town to keep him busy elsewhere. Today's interest rates are kept artificially low by printing money faster than the demand. Many of us remember CD return rates of 18%. Can you imagine how long it would take the government to go bankrupt if it had to pay 18% for treasuries. Unfortunately that time could come again, if we don't do something, soon.

Other messages in this thread:

View Entire Thread

Historical Home Interest Rates - roswellric - 4/17/2012 10:11:48 AM

Historical Home Interest Rates - MartiniMan - 4/17/2012 11:04:16 AM

Historical Home Interest Rates - Osms - 4/17/2012 11:54:46 AM

Historical Home Interest Rates - roswellric - 4/18/2012 10:19:31 AM

try that again - MartiniMan - 4/17/2012 5:35:04 PM

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