> in the late 1990s, I had a mortgage with a 7.25% rate. These days, I'm one of the Haves. While I may have done better than many of my peers due to my work his

> in the late 1990s, I had a mortgage with a 7.25% rate. These days, I'm one of the Haves. While I may have done better than many of my peers due to my work history, a lot of people my age, or more precisely, people who bought houses when 7.25% was considered a deal not to be missed, are in the same position. Inflation adjusted, when you last paid 7.25% in the mid 90s, house prices were far lower. Today, buyers entering the market for the first time are getting smacked with high rates & record high purchase prices in many markets thanks to two decades of ultra low interest rates.