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

Median house prices were lower back in 1982.

$69,300 in 1982 vs. $420,000 today.

That’s dramatically lower, actually.

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 high, and “Total Interest Paid” over the lifetime of the mortgage was shockingly high…even by today’s standards.

Read More