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Just Read An Article In Bankrate Written The First Of The Month

Ally6770
  |     |   4,310 posts since 2010

Mentioned the average inflation rate was 9.97%in the 80's.

Expectations are growing that the U.S. central bank will hike interest rates by a whopping 3 percentage points this year. By sheer number of hikes, that would be the most active Fed since 2005. But by the size and magnitude of each hike, it would be even more notable. The Fed hasn’t adjusted interest rates that much since the 1980s — the last time inflation became a major problem for the financial system.

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Choice
  |     |   937 posts since 2020
And the CD rates then were great…and home buyers had to give an equity interest to lenders. If one survived then, this is a cakewalk
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