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justkate

11/06/24 3:22 PM

#70326 RE: Denn55 #70325

77-81 lived thru it!! JUST barely!! GLTA!!
Bullish
Bullish
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DRJ69

11/06/24 5:42 PM

#70328 RE: Denn55 #70325

From about 1976 thru 1978, inflation rates and interest rates were very high. Interest rates on housing was around11-12%, could have been higher, Actually in 1982, average rate on a fixed mortgage was 16.06%. Looking at the past four decades, the average rate on a 30-year fixed mortgage peaked in 1981, rising to roughly 16 percent.