Mortgage interest rate changes

[James H.]

Well, its taken about 4 to 5 years for interest rates to drop about 3 percent, so roughly .75 percent per year. How fast do you thinnk they will rise? How fast can they rise? I am not well versed on what happened in the 80's with the S&L crisis, but I understand that interest rates for mortgages got extremely high. How high did they get and how fast did they rise? How did the interest rates affect home prices then?