KnightBridgeAZ
Grand Canyon Knight
- Joined
- Aug 26, 2011
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- 5,613
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Thanks, that was fascinating. As I suspected, our rates were decent for each time.Here are the historic mortgage rates by month for the past 43 years: http://www.freddiemac.com/pmms/pmms30.htm
Just after the Jimmy Carter years, mortgage rates topped out at over 18%. Average in 1988 was still 10.3% They were around 7.5% in the earlier 1970's. Pror to the Vietnam war, rates for decades were fairly steady at 5-6%.