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<blockquote data-quote="dennishoddy" data-source="post: 3794186" data-attributes="member: 5412"><p>Most of y'all weren't around when Jimmy Carter was in office. Interest rate on my first home was 18% with a perfectly clean credit record in Ponca City. (they didn't have a score back then) I know some that were paying 22% with a bad credit history. Couldn't drive but 55 mph on the highways to conserve fuel (while fuel was plentiful and being hidden by the oil companies as documented on some TV news and tankers floating in the gulf for months waiting to unload) </p><p>I think it was around $3 a gallon back then in the 70,'s which hurt more than the $5 a gallon today for a poor enlisted guy just out of the Army. </p><p>It took years after carter left office for that interest rate to come down to manageable levels, so I'm in the boat with those that are saying it's going to be around for awhile.</p></blockquote><p></p>
[QUOTE="dennishoddy, post: 3794186, member: 5412"] Most of y'all weren't around when Jimmy Carter was in office. Interest rate on my first home was 18% with a perfectly clean credit record in Ponca City. (they didn't have a score back then) I know some that were paying 22% with a bad credit history. Couldn't drive but 55 mph on the highways to conserve fuel (while fuel was plentiful and being hidden by the oil companies as documented on some TV news and tankers floating in the gulf for months waiting to unload) I think it was around $3 a gallon back then in the 70,'s which hurt more than the $5 a gallon today for a poor enlisted guy just out of the Army. It took years after carter left office for that interest rate to come down to manageable levels, so I'm in the boat with those that are saying it's going to be around for awhile. [/QUOTE]
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