Jimmy Carter did in the 70s. By the time Reagan came into office Mortgage rates were nearly 22%. You might as well have put it on a charge card. This is when women HAD to go into the workforce. You then needed two checks to make ends meet. I believe that the economy goes in cycles. So, yes it can happen again. But, I think maybe the feds are going to try to keep interest rates down. I worry about the same thing, as you.
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