Thanks Joe! For all that you do!

Blurryeyed Loc: NC Mountains.

For all that you do!

tradio Loc: Oxford, Ohio

82 million people can't be wrong..wink, wink.

DaveO Loc: Northeast CT

LOL!

thom w Loc: San Jose, CA

Blurryeyed wrote:

For all that you do!

Just how young are you? I once had a loan that was floating and it went to 21%. Every month I owed more than I had the month before. The dollar amounts were much less because of when it was, but still.
I once bought a house and was able to assume a cal vet loan at %4.75, and that rate was considered extremely good. Things change. I wouldn't want to go back to making $395.00 a month. I make more than that in a day now.

Blurryeyed Loc: NC Mountains.

thom w wrote:

Just how young are you? I once had a loan that was floating and it went to 21%. Every month I owed more than I had the month before. The dollar amounts were much less because of when it was, but still.
I once bought a house and was able to assume a cal vet loan at %4.75, and that rate was considered extremely good. Things change. I wouldn't want to go back to making $395.00 a month. I make more than that in a day now.

Yeah, I remember Jimmy Carter too and Biden sure is giving him a run for his money.

thom w Loc: San Jose, CA

Blurryeyed wrote:

Yeah, I remember Jimmy Carter too and Biden sure is giving him a run for his money.

Not even close, but %4.75 interest being an extremely good rate didn't have anything to do with Carter. The %21 was Carter.

Blurryeyed Loc: NC Mountains.

thom w wrote:

Not even close, but %4.75 interest being an extremely good rate didn't have anything to do with Carter. The %21 was Carter.

Exactly right Thom, 21% was Carter and fortunately for you you were able to assume a vet loan, unfortunately you can no longer assume a mortgage. I remember those days, I think that I had a primary mortgage at somewhere around 19% on my first home with a second that I had to pressure the owner to take at 13%.

DennyT Loc: Central Missouri woods

Blurryeyed wrote:

Yeah, I remember Jimmy Carter too and Biden sure is giving him a run for his money.

You better look again. That was Reagan not carter.

Here are average rates by year:
Year Average 30-Year Rate Year Average 30-Year Rate
1974 9.19% 1990 10.13% 2006 6.41%
1975 9.05% 1991 9.25% 2007 6.34%
1976 8.87% 1992 8.39% 2008 6.03%
1977 8.85% 1993 7.31% 2009 5.04%
1978 9.64% 1994 8.38% 2010 4.69%
1979 11.20% 1995 7.93% 2011 4.45%
1980 13.74% 1996 7.81% 2012 3.66%
1981 16.63% 1997 7.60% 2013 3.98%
1982 16.04% 1998 6.94% 2014 4.17%
1983 13.24% 1999 7.44% 2015 3.85%
1984 13.88% 2000 8.05% 2016 3.65%
1985 12.43% 2001 6.97% 2017 3.99%
1986 10.19% 2002 6.54% 2018 4.54%
1987 10.21% 2003 5.83% 2019 3.94%
1988 10.34% 2004 5.84% 2020 3.10%
1989 10.32% 2005 5.87% 2021 2.96%

https://themortgagereports.com/61853/30-year-mortgage-rates-chart

Blurryeyed Loc: NC Mountains.

DennyT wrote:

You better look again. That was Reagan not carter... (show quote)

It was Carter who gave us stagflation and it was Reagan who inherited Carter's mess and worked through it.

https://www.americanrhetoric.com/speeches/jimmycartercrisisofconfidence.htm AKA Malaise Speech.

DennyT Loc: Central Missouri woods

Blurryeyed wrote:

It was Carter who gave us stagflation and it was Reagan who inherited Carter's mess and worked through it.

https://www.americanrhetoric.com/speeches/jimmycartercrisisofconfidence.htm AKA Malaise Speech.

Carter didn’t do Great sure but under Reagan the stayed high fir his entire administration -
Dont tap dancd you’re wrong

Blurryeyed Loc: NC Mountains.

DennyT wrote:

Carter didn’t do Great sure but under Reagan the stayed high fir his entire administration -
Dont tap dancd you’re wrong

I'm not tap dancing, you are just not facing reality....

The inflation rate in 1979 was 11.35%. The inflation rate in 1980 was 13.50%. . https://www.in2013dollars.com/inflation-rate-in-1980

25% inflation across two years, that is not a train that you turn around on a dime Denny, why do you always defend liberal screwups?

cwp3420

Blurryeyed wrote:

I'm not tap dancing, you are just not facing reality....

The inflation rate in 1979 was 11.35%. The inflation rate in 1980 was 13.50%. . https://www.in2013dollars.com/inflation-rate-in-1980

25% inflation across two years, that is not a train that you turn around on a dime Denny, why do you always defend liberal screwups?

Denny has proven by his posts on here that he’s as conservative as is Biden. I don’t believe I’ve ever seen him criticize Biden for anything.

Blurryeyed Loc: NC Mountains.

DennyT wrote:

You better look again. That was Reagan not carter... (show quote)

So Denny, you are talking about Mortgage rates which are dependent on the Fed's monetary policy employed to lower inflation which is at the core of the problem... Here are the inflation rates during those same years, it would seem that the Reagan Administration did what it needed to do to bring the country back into line. Maybe that is why he won 49 states in his ree******n only losing the state his opponent hailed from by some 5000 v**es.

Oh! Look! Biden looks a lot like Carter!

(Download)

DennyT Loc: Central Missouri woods

Blurryeyed wrote:

I'm not tap dancing, you are just not facing reality....

The inflation rate in 1979 was 11.35%. The inflation rate in 1980 was 13.50%. . https://www.in2013dollars.com/inflation-rate-in-1980

25% inflation across two years, that is not a train that you turn around on a dime Denny, why do you always defend liberal screwups?

Do. You really want me to inflate the 1981981 thru 1986 rates to current year. They will make the carter year pale in comparison.

All I do is correct your nonesense.

DennyT Loc: Central Missouri woods

Blurryeyed wrote:

So Denny, you are talking about Mortgage rates which are dependent on the Fed's monetary policy employed to lower inflation which is at the core of the problem... Here are the inflation rates during those same years, it would seem that the Reagan Administration did what it needed to do to bring the country back into line. Maybe that is why he won 49 states in his ree******n only losing the state his opponent hailed from by some 5000 v**es.

Oh! Look! Biden looks a lot like Carter!

Pivot. Away from the subject which was mortgage rates. You’re no better than racman when caught spewing bull