[JMintzer]

Originally Posted by Normal

9% on a home loan was affordable?

It was, back in the day... I paid 10% on my first home in 1986. My PITI was less than my 2 BR 2 BA apartment. Granted, it was a started home ($104,500) 3BR/2BA, a single family, the size of a townhouse with a single car garage. I paid 9.5% on my 2nd home in 1991. Our 3rd home was 6.5% (15 year fixed) in 2004

But I remember rates well into the mid/upper teens in the early 80's...

[Caymus]

I wonder if Helene will lead to a significant spike in inflation due to increased building costs and insurance premiums.

[Normal]

Originally Posted by Caymus

I wonder if Helene will lead to a significant spike in inflation due to increased building costs and insurance premiums.

Not likely, the event was a natural tendency and not an anomaly. Normally we get more than one hurricane, tornado, wildfire, yada-yaada per year.

[MikeVillages]

Originally Posted by retiredguy123

Can anyone provide a logical reason why the Fed reduced interest rates by 0.5 percent? I watched several financial TV shows and got nothing but a bunch of gobbledygook.

I could be political but we are not supposed to talk about that.