Home Loan Interest Rates [mortgageprotectiontips.blogspot.com]
Question by Koota: What year was it when home interest rates went above 15%? I was wanting to know about what year it was that home loans were going over 15%. I was thinking in the early 1980's when Carter left office as president. Best answer for What year was it when home interest rates went above 15%?:
Answer by Big daddy
most of the 80's from what I understand. I was in a meeting with a guy that was working in the industry in 89, he was quoting rates at 14%, but I was in middle school then
Answer by financing_loans
You are right it was in the 80's. 82-83 When Reagan took office over the next 3 years they went way up. Thats the 15% you are talking about, around 83. Over his 8 years in office they went up but came back down to where they were when he took over. But the high rates were during Reagan not Carter. http://finance.yahoo.com/echarts?s=%5ETNX#chart1:symbol=^tnx;range=my;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined ** update ** Glenn is right, prolly had nothing to do with reagan or carter... these things just go in cycles. Just happend to be during reagans run.
Answer by glenn
1982 was the last year according to this chart. It came close in 1984. Everything comes in cycles. I worked in real estate during this time and still work in real estate. http://www.freddiemac.com/pmms/pmms30.htm
Answer by tkahrs12122
1981, started out at 13% by July was up to 16% and to make matters worse only adjustables were available.
Answer by teee
According the federal reserve: These are the monthly rates for conventional 30 year mortgages: 1971-047.31 1971-057.43 1971-067.53 1971-077.6 1971-087.7 1971-097.69 1971-107.63 1971-117.55 1971-127.48 1972-017.44 1972-027.33 1972-037.3 1972-047.29 1972-057.37 1972-067.37 1972-077.4 1972-087.4 1972-097.42 1972-107.42 1972-117.43 1972-127.44 1973-017.44 1973-027.44 1973-037.46 1973-047.54 1973-057.65 1973-067.73 1973-078.05 1973-088.5 1973-098.82 1973-108.77 1973-118.58 1973-128.54 1974-018.54 1974-028.46 1974-038.41 1974-048.58 1974-058.97 1974-069.09 1974-079.28 1974-089.59 1974-099.96 1974-109.98 1974-119.79 1974-129.62 1975-019.43 1975-029.11 1975-038.9 1975-048.82 1975-058.91 1975-068.89 1975-078.89 1975-088.94 1975-099.13 1975-109.22 1975-119.15 1975-129.1 1976-019.02 1976-028.81 1976-038.76 1976-048.73 1976-058.77 1976-068.85 1976-078.93 1976-089 1976-098.98 1976-108.93 1976-118.81 1976-128.79 1977-018.72 1977-028.67 1977-038.69 1977-048.75 1977-058.82 1977-068.86 1977-078.94 1977-088.94 1977-098.9 1977-108.92 1977-118.92 1977-128.96 1978-019.02 1978-029.16 1978-039.2 1978-049.36 1978-059.58 1978-069.71 1978-079.74 1978-089.79 1978-099.76 1978-109.86 1978-1110.11 1978-1210.35 1979-0110.39 1979-0210.41 1979-0310.43 1979-0410.5 1979-0510.69 1979-0611.04 1979-0711.09 1979-0811.09 1979-0911.3 1979-1011.64 1979-1112.83 1979-1212.9 1980-0112.88 1980-0213.04 1980-0315.28 1980-0416.33 1980-0514.26 1980-0612.71 1980-0712.19 1980-0812.56 1980-0913.2 1980-1013.79 1980-1114.21 1980-1214.79 1981-0114.9 1981-0215.13 1981-0315.4 1981-0415.58 1981-0516.4 1981-0616.7 1981-0716.83 1981-0817.29 1981-0918.16 1981-1018.45 1981-1117.83 1981-1216.92 1982-0117.4 1982-0217.6 1982-0317.16 1982-0416.89 1982-0516.68 1982-0616.7 1982-0716.82 1982-0816.27 1982-0915.43 1982-1014.61 1982-1113.83 1982-1213.62 1983-0113.25 1983-0213.04 1983-0312.8 1983-0412.78 1983-0512.63 1983-0612.87 1983-0713.42 1983-0813.81 1983-0913.73 1983-1013.54 1983-1113.44 1983-1213.42 1984-0113.37 1984-0213.23 1984-0313.39 1984-0413.65 1984-0513.94 1984-0614.42 1984-0714.67 1984-0814.47 1984-0914.35 1984-1014.13 1984-1113.64 1984-1213.18 1985-0113.08 1985-0212.92 1985-0313.17 1985-0413.2 1985-0512.91 1985-0612.22 1985-0712.03 1985-0812.19 1985-0912.19 1985-1012.14 1985-1111.78 1985-1211.26 1986-0110.88 1986-0210.71 1986-0310.08 1986-049.94 1986-0510.14 1986-0610.68 1986-0710.51 1986-0810.2 1986-0910.01 1986-109.97 1986-119.7 1986-129.31 1987-019.2 1987-029.08 1987-039.04 1987-049.83 1987-0510.6 1987-0610.54 1987-0710.28 1987-0810.33 1987-0910.89 1987-1011.26 1987-1110.65 1987-1210.65 1988-0110.43 1988-029.89 1988-039.93 1988-0410.2 1988-0510.46 1988-0610.46 1988-0710.43 1988-0810.6 1988-0910.48 1988-1010.3 1988-1110.27 1988-1210.61 1989-0110.73 1989-0210.65 1989-0311.03 1989-0411.05 1989-0510.77 1989-0610.2 1989-079.88 1989-089.99 1989-0910.13 1989-109.95 1989-119.77 1989-129.74 1990-019.9 1990-0210.2 1990-0310.27 1990-0410.37 1990-0510.48 1990-0610.16 1990-0710.04 1990-0810.1 1990-0910.18 1990-1010.18 1990-1110.01 1990-129.67 1991-019.64 1991-029.37 1991-039.5 1991-049.49 1991-059.47 1991-069.62 1991-079.58 1991-089.24 1991-099.01 1991-108.86 1991-118.71 1991-128.5 1992-018.43 1992-028.76 1992-038.94 1992-048.85 1992-058.67 1992-068.51 1992-078.13 1992-087.98 1992-097.92 1992-108.09 1992-118.31 1992-128.22 1993-018.02 1993-027.68 1993-037.5 1993-047.47 1993-057.47 1993-067.42 1993-077.21 1993-087.11 1993-096.92 1993-106.83 1993-117.16 1993-127.17 1994-017.06 1994-027.15 1994-037.68 1994-048.32 1994-058.6 1994-068.4 1994-078.61 1994-088.51 1994-098.64 1994-108.93 1994-119.17 1994-129.2 1995-019.15 1995-028.83 1995-038.46 1995-048.32 1995-057.96 1995-067.57 1995-077.61 1995-087.86 1995-097.64 1995-107.48 1995-117.38 1995-127.2 1996-017.03 1996-027.08 1996-037.62 1996-047.93 1996-058.07 1996-068.32 1996-078.25 1996-088 1996-098.23 1996-107.92 1996-117.62 1996-127.6 1997-017.82 1997-027.65 1997-037.9 1997-048.14 1997-057.94 1997-067.69 1997-077.5 1997-087.48 1997-097.43 1997-107.29 1997-117.21 1997-127.1 1998-016.99 1998-027.04 1998-037.13 1998-047.14 1998-057.14 1998-067 1998-076.95 1998-086.92 1998-096.72 1998-106.71 1998-116.87 1998-126.72 1999-016.79
Answer by Jennifer S
The Ronald Regan years!!! And, really, interest rates need to go up any time now to stop the inflation but the government can't do it cuz everybody has adjustable rate loans!
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Home loan interest rates may be cut in coming months as RBI cuts Interest Rates for the first time in 3 years. Home Loan Interest Rates varies with the RBI Interest Rates. RBI cuts interest rates by 0.50% it means most of the banks cut home loan interest rates. If making a home is your dream and you want to come true dream by taking a home loan then you must think for coming 2 or 3 three months. Home loan interest rates play a big role in taking a home loan. You must do comparison of Home Loan Interest Rates and select the best bank and best timings of home loan, which in other words means selecting the least home loan interest rate and big saving for the years.
Making a home is not an easy task it almost takes half part of life of normal middle class. So you must make strategy for the whole process and prioritize the various steps.
Firstly you have to check your ability to pay the installment, and then choose a some amount which you are comfortable to repay.
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