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(6,115 posts)

12. I refinanced when the interest rate was well under 3% in the midst of COVID

Wed May 4, 2022, 12:50 PM

May 2022

I am paying less per month and my mortgage gets paid off 10 years quicker.

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So mortgage interest rates are 5% now????? [View all] spanone May 2022 OP

Ditto. I remember it well! Nt spooky3 May 2022 #1

Mine was 21%. I was 22 when I bought my 1st house. Kaleva May 2022 #2

Reagan was President at the time. 1981 or '82 Kaleva May 2022 #11

Ok, but it started when Carter was President, and went into the 80s JohnSJ May 2022 #13

You very well could be correct. Kaleva May 2022 #15

Remember land contacts to buy a house? Irish_Dem May 2022 #5

Heck, I remember in 1994 Johnny2X2X May 2022 #6

Have you seen the interest rate they're paying for savings now? n/t PoliticAverse May 2022 #7

is it above a half percent yet? FoxNewsSucks May 2022 #10

I remember that time. Boomers didn't have it so easy after all. brush May 2022 #9

I got a deal in 1975, 8 1/8%. gab13by13 May 2022 #14

1978 for me, 9 and 7/8% JohnSJ May 2022 #22

While you were paying 16% on your mortgage, GoCubsGo May 2022 #16

The positive side ... SomewhereInTheMiddle May 2022 #20

Lol. I paid 12% DenaliDemocrat May 2022 #18

In late 1981, they were as much as 21% Stinky The Clown May 2022 #21

Six years ago Chautauquas May 2022 #23