[quote=flu]I was talking to my parents just a few minutes ago. Back in 79-80 when they were buying houses in SoCal… The prevailing fixed rate mortgage was 14.75%….Borrowing $150k cost $1866/month.
But at the time banks were doing 5 year CD’s at 18%….
Couldn’t figure that one out.[/quote]
Can you imagine getting 30 years CD in the teens %? Will we see that again in the next decade?
