Amusing. But not funny...
For way too many years my copy of Barron's Financial Tables - Real Estate Loans - has sat useless and gathering dust. Why? Because the loan tables *start* at an interest rate of 8% and go on up to 24%. Yes, 24%.
That range made perfect sense at the time of publication: 1983.
I'm old as dirt and remember the rates being 17% and up in the 1980's. Remember being thrilled to refinance to get 13.5%, and then, wow, 9%! A single digit!!
I'm posting this for young folk who may think 5% or 6% interest rates are a given. Higher rates did happen. They can happen again. Be prudent.