Had a laugh yesterday, the inflation stories, interest rates on home loans nearing 4%! Panic City. The house I'm currently in I purchased with an assumable loan at 12%, the house we sold had a VA loan at 14%. I refinanced twice, 10% and 7.5%, every payment included a little extra for the principal and I didn't take any additional cash when I did the refi's. I had places offer really good rates if I took out 120% of my current principal, sorry, I prefer to fill in the hole not dig a deeper hole.