A Huge Number of Homeowners Have Mortgage Rates Too Good to Give Up - eviltoast
  • Onno (VK6FLAB)@lemmy.radio
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    7 months ago

    8%, wow. I remember when it slowly (over years) came down from 17.5% in 1990 in Australia. My credit card at the time had 55 days internet free but the internet was 18.5%, at one point I think it hit 22%.

    • vortic@lemmy.world
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      7 months ago

      Credit card rates are similar to that even now in the US but for a while we were at about 2% for mortgages. Mine is 2.75%. Selling this house at some point is going to hurt.