Join  |  Login  |   Cart    

Notary Rotary
Just PoliticsLeisure
Welcome to the Notary Talk General Discussion Forum. Before posting, please read the


1981 mortgage interest rates were as high as 18.5%
Posted by  Yoli/CA of CA on 6/23/22 6:04pm Msg #641017
and people still purchased and quite a few even refinanced.

http://www.thestreet.com/personal-finance/mortgages/historic-mortgage-rates-14849606#:~:text=As%20inflation%20ebbed%20in%20the%201980s%2C%20U.S.%20mortgage,Yearly%20Average%20Mortgage%20Rates%3A%201981%2017.00%25%201985%2012.96%25

Not the ideal scenario. But it did happen then and with rates today being not even half of historic highs, consumers will probably continue to purchase and refi. The Fed is once again trying to halt inflation by raising rates. History repeats ....

The difference now is the additional technology. More technology, more room for fraud.

jmo


PrevNextReturn to General Discussion    Post a Public Reply to this MessageSend Author a Private Message


Messages in this Thread
 Mortgage Applications Are Back Up - Victoria L. Rivera on 6/22/22 8:34pm
 That ship has sailed. Technology and a glut of SA. But - grapebed on 6/22/22 8:56pm
 Re: That ship has sailed. Technology and a glut of SA. But - Signerbill on 6/23/22 11:24am
 Re: That ship has sailed. Technology and a glut of SA. But - grapebed on 6/23/22 3:32pm
 1981 mortgage interest rates were as high as 18.5% -  Yoli/CA on 6/23/22 6:04pm
 Refi apps are down 79% from one-year ago. Consumers have - grapebed on 6/24/22 1:40pm
 Re: That ship has sailed. Technology and a glut of SA. But -  JanetK_CA on 6/23/22 7:12pm
 Re: That ship has sailed. Technology and a glut of SA. But - VT_Syrup on 6/24/22 4:47am
 Refi apps down 79% versus this week last year. n/m - grapebed on 6/22/22 9:03pm
 I think thatís correct, Linda! n/m - grapebed on 6/22/22 9:46pm



 
Find a Notary   Notary Supplies   Terms   Privacy Statement   Help/FAQ   About   Contact Us   Archive  
 
Notary Rotary™ is a trademark of Notary Rotary. Copyright © 2002-2022, Notary Rotary, Inc.  All rights reserved.
500 New York Ave, Des Moines, IA 50313.