Quote:
Originally Posted by spence
That loan was in 2000 when the average mortgage rate was closer to 8 percent I believe. The article is misleading...it also doesn't say if she underwrote or consigned the loan. If he was higher risk he might not have qualified for a good rate either...9.5 could have been a good deal for him.
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Good observation, seems like interest rates have been so low for so long
9.5 % seems sky high.