- Joined
- Dec 16, 2011
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- Liberal
Wow....5%.
My last two home loans were at 3%. And nut under the current idiot.
As you can see 5% fixed rates are STILL well below the historical average. Rates have been kept artificially low to try to spur GDP growth which has also been far below historical post WWII averages. Like most Americans I assume you have no savings and buy everything on credit so you like low interest rates that do not even keep up with inflation. It is a shortsighted and risky way to run a economy because it leaves no ammo for the Fed if a downturn occurs hence the Feds negative interest rates during the covid crisis. They were charging savers for keeping money with them.
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