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Interest rates around 6% feel high because we got used to 3% during years of cheap money. Over the past 40 years, 6% to 6.4% is actually the normal range. We're not in unusual territory, just back to average.
Interest rates around 6% feel high because we got used to 3% during years of cheap money. Over the past 40 years, 6% to 6.4% is actually the normal range. We're not in unusual territory, just back to average.
Now your interest rate's going to be a little bit higher than you probably want it, but can I give y'all a little bit of perspective? If you look at 40 years' worth of interest rates, the average lands in right around 6, 6.4%. So we're actually pretty close to the 40-year average, and our whole, our whole society just got spoiled by free money for so long, sitting at 3%.
