Opinion: Why we need a mortgage rate reset
Housing Wire
MAY 24, 2022
In the early ’80s, rates were above 18% for a fixed-rate loan. Most people paid those loans for 30 years, on time. Refinances were not marketed then like they are today, nor were they the norm for a homeowner. Back then, the real estate agent found a home and the purchaser went to their bank and got a loan.
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