The 30-year, fixed-rate #mortgage peaked at 18.45% in Oct. 1981 and troughed at 2.65% in 2021. The current rate is 7.4% and rising. 40 years of falling mortgage rates, plus married women entering the workforce, allowed home prices to rise much faster than incomes. Look out below!
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So were we! You can find all of this, and more, on Fundies Say the Darndest Things!
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