Replies to post #727421 on Fannie Mae (FNMA)

[Donotunderstand]

I bought with my 5 month "ready" wife in 1983

The first mortgage committment was 14%

It was 11% on closing

We refinanced at 7.5% a few years later and thought we made off like bandits

It did get lower but when 65 % was paid (we paid fast and furious) we said screw it