9/26 Mortgage rates closer to 10% than 5% today

It's going to be like 80's again. High yields but high inflation too.

Bought my first house in 1987, rate was 10.50%. I worked at Home Savings of America in early 1992 when rates dropped below 10% for the first time maybe ever, or at least since the 60's. Our lobby was full with customer appointments to refinance from 8am to 8pm. Crazy. I wasn't a loan officer but we had some LO's funding 70 loans a month and making $100k in commissions. A month. Of course the average loan was around $250k not as crazy as today. Today, Just the monthly property taxes are more than my mortgage payment ws in 1987. Absolute insanity.

1987 was a crazy year for me. I was 8, and me and my friends would watch channel 32 on the box top and shake our heads with the rythym of the static lines so we could try and catch the glimpse of a titty.

Lol. 1987 was a great year for me. Single, making money, lived alone for the first time. I wasn't catching a glimpse of titties I was grabbing them with both hands and perfecting motorboating.