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Reply to "Why do people think Boomers had it so good?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I purchased my first home in 1986 with a mortgage rate of 11%.[/quote] Not very meaningful without other details. How much was it? How much for down payment? Income? [/quote] NP, but my parents bought their first home a few years earlier than this PP. The mortgage rate on their 15 year mortgage fixed rate was 12%. The total cost of their home just outside the beltway was 2x their annual income. Down payment of 20% was provided by my grandparents. [/quote]
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