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re: Average interest rate on 30 year mortgage rises to 7.59%, highest since December 2000
Posted on 9/21/23 at 9:13 pm to stout
Posted on 9/21/23 at 9:13 pm to stout
Y'all ain't seen nothing yet.
Home mortgage rates averaged about 8.85% at the onset of the Carter administration in 1977. However, by the end of Carter's presidency in 1981, home mortgage rates averaged a whopping 16.64%.
Home mortgage rates averaged about 8.85% at the onset of the Carter administration in 1977. However, by the end of Carter's presidency in 1981, home mortgage rates averaged a whopping 16.64%.
1
Posted on 9/21/23 at 9:20 pm to HubbaBubba
quote:
Home mortgage rates averaged about 8.85% at the onset of the Carter administration in 1977. However, by the end of Carter's presidency in 1981, home mortgage rates averaged a whopping 16.64%.
This isn’t the 80’s. Home prices have increased by over 500%.
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