Saturday, September 26, 2009

Teaser rates still exist

And they always will...

4 comments:

  1. Ah, that's an old '80's loan product, called a "Buydown Loan"

    I should know, I had one in the mid-80's - that was how they got first timers into houses when the rates were 15%

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  2. Lets just hope the home prices go back to 80s prices and the savings and bonds interest rates go back to 80s interest.

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  3. If home prices were to go back to 1980's levels, salaries wouldn't be far behind...

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  4. "If home prices were to go back to 1980's levels, salaries wouldn't be far behind..."

    They aren't. I make 30K less than I did 10 years ago!

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