- Nov 5, 2012
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What you call the Reagan years derogatorily was a drop from the Carter years of 21% interest.View attachment 871536
Just to put this in context.
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Just checked our bank's rate. 6.5% Which just happens to be the rate we paid in the late 90's for our first house.
That and the rate is still lower than in the Reagan years.
Just say'n.
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But I'm glad we refinanced the balance of our current home at 2.7% for 30 years. Our Mortgage P&I is just under $400. (No I didn't forget a zero.)
WW