Economic Shockwave: Envisioning 2025 with 1982-Style 18.6% Mortgage Rates
<p>That’s <em>dramatically</em> lower, actually.</p>
<p>But 18% mortgage interest rates in late 1982 meant that even with the far lower median house price of $69,300, a homeowner’s monthly payments were <strong>high</strong>, and “Total Interest Paid” over the lifetime of the mortgage was <strong>shockingly high</strong>…even by today’s standards.</p>
<p>In the previous article (<em>30Y in 30D • Y18. </em>we saw what it was like in 1982 when 30-year fixed mortgage rates went as high as 18.63% with those $69,300 median house prices.</p>
<p>And it was tough for those 1982 homebuyers.<em> Really tough.</em></p>
<p><a href="https://bright52.medium.com/economic-shockwave-envisioning-2025-with-1982-style-18-6-mortgage-rates-3d67d259b7cc"><strong>Learn More</strong></a></p>