[TomGuy]

to the highest level that we have seen in more than 20 years…

According to Kiplinger, 7.74% is the long term average.

The Magic Mortgage Rate Number to Tip the Housing Market

We still have a ways to go just to hit 'average'.

Too many got too used to the cheap money of the last 15 years.

When was the last time Congress expressed concern for interest on the debt? Oh yeah! they liked that near-free money.

[KarlInOhio]

Ever since the dot com crash in 2000 and the 9/11 attack the Fed has largely kept rates artificially low. It was allowed to rise a little around 2005 but then was slammed back down in 2008. I don’t think anyone would recognize a natural interest rate anymore.

[1of10]

“just to hit ‘average’.”

I remember 1980-81......

all these whiny little twits who complain about 7%
need to look at some history.

We are still behind the curve, just pushing inflation forward.
We should be at 10% ... and if the fed is not carefull an backs off to soon... well ... happy days are here again(1980)

WIN...