Glenn " If you have a home equity loan to help with essentials that used to cost you $95/mo., it is now costing you $375/mo." what? How about real percentages. You are saying interest rates are now 4 times greater? First off you should not be using a home equity loan to pay for essentials- thats not what its for. Secondly, you are grouping 10 different things together. Home ins, health ins, car ins. Interesting rates in the late 70's peaked around 11% and in 1981 when the annual average was 16.63%, according to the Freddie Mac data. Fixed rates declined from there, but they finished the decade around 10%. Were people living, working, buying house in the 70's and 80's? Please. Try living within your means, cook at home, don't buy the latest phone or TV, that $5.00 McFrizzle or whatever fast food poison you like could be cut - which would also make you healthier and happier.

Glenn " If you have a home equity loan to help with essentials that used to cost you $95/mo., it is now costing you $375/mo." what? How about real percentages. You are saying interest rates are now 4 times greater? First off you should not be using a home equity loan to pay for essentials- thats not what its for. Secondly, you are grouping 10 different things together. Home ins, health ins, car ins. Interesting rates in the late 70's peaked around 11% and in 1981 when the annual average was 16.63%, according to the Freddie Mac data. Fixed rates declined from there, but they finished the decade around 10%. Were people living, working, buying house in the 70's and 80's? Please. Try living within your means, cook at home, don't buy the latest phone or TV, that $5.00 McFrizzle or whatever fast food poison you like could be cut - which would also make you healthier and happier.

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