Economic Shockwave: Envisioning 2025 with 1982-Style 18.6% Mortgage Rates

<p>That&rsquo;s&nbsp;<em>dramatically</em>&nbsp;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&rsquo;s monthly payments were&nbsp;<strong>high</strong>, and &ldquo;Total Interest Paid&rdquo; over the lifetime of the mortgage was&nbsp;<strong>shockingly high</strong>&hellip;even by today&rsquo;s standards.</p> <p>In the previous article (<em>30Y in 30D &bull; Y18.&nbsp;</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>&nbsp;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>