Very well known Exeweb poster
- Feb 11, 2005
- In RaWZ we trust....Amen.
Yes it was.Wasn't it Black Monday the rate shot up a few times to 15% on that day alone?
A rate around 10-12% was the norm back then
I dread to think what would happen if those rates ever appeared again with the amount of huge mortgages which were allowed until the banking collapse.