Why Today’s Housing Market Feels Like an Uphill Battle Compared to the High-Rate 1980s
Every time I hear someone complain about today’s mortgage rates, I think about my parents. Back in 1987, they bought the house they still live in with a 30-year fixed mortgage rate of 10.40%. That’s right—double digits! Yet, they made it work, and so did countless others in the 1980s when rates were even crazier. […]
