I do remember the exorbitant interest rates of the 80s, and people who lost their homes as a result of those rates. Bankruptcy was at an all time high, and it will happen again due to this government's abysmal waste of our money. One of my co-workers has been forced to sell his home because of the interest rate increase one his mortgage renewal. He told me his payments would go up almost $700.00 a month, which he and his wife, empty nesters, both working, cannot possibly afford. They have been forced to rent in a 4 plex instead.
