The average history of mortgage rates in the US.
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1975: 9%
1980: 14%
1985: 13%
1990: 10%
1995: 8%
2000: 8%
2005: 6%
2010: 5%
2015: 4%
2020: 2.5%
2025: 7%
Today: 7%
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Replies (4)
Imagine a 14% mortgage on today's home values! I wouldn't be able to afford my 600k property. I'm stuck with 5.5% on about about 450k of debt and that's 3k a month.
Yeah and they only paid a five digit price for their houses!
I feel for those who are impacted.
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