Once upon a time, when I bought my first property in 2003, the interest rate I was charged was around 6.75 percent. Just look at the chart below for some idea. Yes, you can also be very alarmed by the property buyers in 1998 when the rate went up to close to 14 percent…. Take a look at the calculation right below this chart on interest rate.
Property Investment 101: Rising interest rate is a worry for homeowners. Will rates be rising?
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