What was the homeowners loan in the 1940s and 1950s?
By
Snowy1624
Posted on
05/23/10 Total Answers
3
Answers-
You need to be more specific. What are you asking?
Answer by :
Caveat Emptor On Date
2010-05-23 09:43:59
Interest rates were around 6-7% and loan terms were 20 years instead of 30 but property values were considerably less. A house around where I live that sells for $300k was selling for $20-30k. So the payment was likely between $120-$220 / month. The majority of houses tended to be a great deal smaller too such that some brand new houses could be bought for less than $5000.
Answer by :
linkus86 On Date
2010-05-23 14:19:52
ha ha its me em from ur class! i was just searching for this answer! lol thank god u asked thanks linkus86 !!!
