Quote:
Originally Posted by dvarapala
Just be glad it's not the 1980s with double-digit mortgage rates.
|
1982. I had a job offer that would relocate me back to where I was born.
I initially accepted, but turned down the offer 1 week later because
mortage rates were 16% (WTH, I was getting 14% money market rates back then).
Anyway, 1983, rates fell to ~8%, and I made the move that year.
A few years later, I had refinanced twice, down to ~5%, and that's
how I ended up on the current house until 2009.
But, really, what's a mortgage?