Sure can, 10% in 1980 While still single I started shopping for my own home in the fall of 1979 and quickly found out I couldnt afford much of a home due to interest rates round 15%? cant remember for sure. I know at that time I had my life savings in a passbook account at a savings and loan that was paying me 10%!! Found a place I could afford only because it had an assumable GI bill loan at the bargain basement rate of 10%, and they only required 20% down, LOL I had the required down payment and a good job and easily qualified for the loan. Met my soon to wife with in one week of moving in and we paid the place off three times over the years but put mortgages back on it several times to help finance the purchase of our farm ground and starter homes for the kids. What was supposed to be a temporary place to live turned into 36 years but we are now in process of moving further out into the country and have it for sale. Banks are standing pretty hard on 20% down and that really cuts down on the number of people that can qualify for a loan, if not for that our house would have sold with in 24 hours of being listed last fall.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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