1981 mortgage interest rates were as high as 18.5%

	Join \| Login \| Cart

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

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 that’s 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