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 Lake Vermilion Real Estate

A daily journal concerning Lake Vermilion and surrounding areas.
Selected real estate, notes, stories, musings, and anecdotes.

March 5, 2003

Not to beleaguer the point but the graph below is noteworthy. It’s the mortgage trend over the past 30 years. With the current rates, a 15 year, $100,000 loan carries an approximate monthly payment of $777 per month. That same loan back in 1995 would have cost you about $178 more per month.

Mortgage trend

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