i keep hearing about ppl buying houses, i did here its a buyers market as i guess prices of realestate is down. but i dont understand the interest rate hoopla, except maybe its harder to get a loan as they are tougher on ppl. who want loans. but i thought i read on AOL news welcome page, 30 year fixed mortgage was just over 6 percent and some tenths. i have never got a mortgage, as the 2 houses i bought, and sold one of them in the 70s , i sold the first one, i had bought an equity, and took up payments on both. but my interest rate then was 8.75 percent, on the house im in now.i paid extra principle to shorten the loan. so 6 something percent seem ok to me.. but i will admit, CD interest rates ain't chit, lol, where is jimmy carter when u need him lol. now that man had the cd rates in double digits, my dad worshiped that man, lol.take care.
i do realize in the carter years like car interest rates were high, but where i worked we got cost of living raises every 3 months,based on inflation rate, and inflation was what double digit also. so that is where we built our hourly pay rate way up,, and we just got it in our union contract just before the inflation took off back then,, but again house rates now dont seem bad to me.
i do realize in the carter years like car interest rates were high, but where i worked we got cost of living raises every 3 months,based on inflation rate, and inflation was what double digit also. so that is where we built our hourly pay rate way up,, and we just got it in our union contract just before the inflation took off back then,, but again house rates now dont seem bad to me.