Why should we look at a period 20 years in the past for predictions about the fu...

		aschearer on Sept 28, 2022 \| parent \| context \| favorite \| on: U.S. mortgage interest rates jump to 6.52%, highes... Why should we look at a period 20 years in the past for predictions about the future? 20 years ago Facebook didn't exist nor did the iPhone. For the last 10 years rates have been below 6%. It seems a strech to call a decade "recent."

to be fair these are usually 30 year loans that we're talking about.