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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: koan who wrote (77724)4/15/2008 3:34:58 PM
From: Dan3  Read Replies (2) of 116555
 
Re: In 1980, when Volker pushed interest rates over 20% the housing market came to a standstill.

My wife bought her first condo around then (fresh out of law school and into an associate's job on wall street) and she had a 17% mortgage - which was considered pretty good, at the time.
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