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Updated 1 day ago on . Most recent reply
#1 Tax Liens & Mortgage Notes Contributor
- Lender
- The Woodlands, TX
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Yearly Mortgage Rates 1971 - 2025
#1 Tax Liens & Mortgage Notes Contributor
- Lender
- The Woodlands, TX
Thought it might be interesting to see what mortgage rates were like 40 years ago
Yearly Average weekly interest rate
1971 (beginning in April) 7.54%
1972 7.38%
1973 8.04%
1974 9.19%
1975 9.05%
1976 8.87%
1977 8.85%
1978 9.64%
1979 11.20%
1980 13.74%
1981 16.64%
1982 16.04%
1983 13.24%
1984 13.88%
1985 12.43%
1986 10.19%
1987 10.21%
1988 10.34%
1989 10.32%
1990 10.13%
1991 9.25%
1992 8.39%
1993 7.31%
1994 8.38%
1995 7.93%
1996 7.81%
1997 7.60%
1998 6.94%
1999 7.44%
2000 8.05%
2001 6.97%
2002 6.54%
2003 5.83%
2004 5.84%
2005 5.87%
2006 6.41%
2007 6.34%
2008 6.03%
2009 5.04%
2010 4.69%
2011 4.45%
2012 3.66%
2013 3.98%
2014 4.17%
2015 3.85%
2016 3.65%
2017 3.99%
2018 4.54%
2019 3.94%
2020 3.11%
2021 2.96%
2022 5.34%
2023 6.81%
2024 6.72%
2025 (through May) 6.81%
Source: Freddie Mac Primary Mortgage Market Survey®
- Don Konipol
Most Popular Reply
#2 General Real Estate Investing Contributor
- Investor and Real Estate Agent
- Milwaukee - Mequon, WI
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#2 General Real Estate Investing Contributor
- Investor and Real Estate Agent
- Milwaukee - Mequon, WI
Slowly, the market is getting used to rates in the high sixes. We know from several surveys that 5.99% is the psychological trigger for buyers to flood back into the market. And I believe 8% is probably a limit on the top end for buyers to slow down.
We are in a weird market here in Milwaukee. We have lost almost 40% of transaction volume!! 40%!! There are fewer sellers and fewer buyers.
Meanwhile, prices are still going up, sellers having high expectations and buyers fighting them, while there is a great reluctance on both sides to even deal - which makes my day-job (selling luxury real estate) much harder than it used to be.
- Marcus Auerbach
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- 262 671 6868
