YourGo2Agent-Kelly

309 followers

Follow

Follow

Follow

1/3

0 saved

1

10

Mortgage rates now versus then

Today’s mortgage rates versus when I bought my first home in the 80s.

Do you really think these rates are high? Think again.

And PLEASE, don’t tell me the cost of living was much lower back then so was the minimum wage and salary!!!

#homefinance #mortgagerate #housebuying #homevalue #nowvsthen

2025/3/27 Edited to

Understanding mortgage rate trends provides crucial insights for homebuyers today. In the 1980s, the mortgage rates reached historic highs, peaking at 18.4% in 1981 during a period of intense inflation. By the end of that decade, rates had steadily decreased to 9.78%. In comparison, today's mortgage rates are significantly lower, currently averaging around 6.82% for a 30-year fixed loan, with variances depending on the loan type and borrower qualifications. The rise and fall of home values also play a significant role. In the 1980s, the median price of homes rose from $63,700 in 1980 to $123,900 by 1990, influenced by the economic environment and legislative changes. Today, home values continue to fluctuate based on market dynamics, supply and demand, and economic indicators. Understanding these historical contexts allows current homeowners and prospective buyers to make better-informed decisions in this complex market environment.

Related posts

The front exterior of a single-story house in Arizona with a driveway, desert landscaping, and the text "I pay $2400 For A Mortgage In Arizona & Here's What I Get" overlaid.

A spacious living room with light wood flooring, a large gray sectional sofa, a patterned rug, a TV console, and a glass door leading outside, indicating a 1300 sq ft home with a 2-car garage.

A bedroom with a large bed, a dog resting on it, a ceiling fan, and a mirror, highlighting the home's 3 bedrooms and high ceilings.

What My $2400 Mortgage Gets Me in Arizona

We bought our home in 2022, when the prices were higher, but the interest was lower. Our mortgage payment for our 1300 square-foot home includes… – 3 bedrooms – 2 full baths – 2 car garage – Vaulted ceilings - Solar - A large turf backyard - A large outdoor patio - Updated kitchen wit

1064 likes

Mortgage Rates History

22 likes

🏡📈 MORTGAGE💲RATES 📈🏡

🏡📈 MORTGAGE💲RATES 📈🏡 News@ Www.zerohedge.com *FULL STORY IN LINK BELOW Mortgage Rates Hit 9-Month High, Freezing Out Homebuyers In Peak Season | ZeroHedge https://share.google/xQZwXRQoFfjbCRaic 📈🏡📈Soaring mortgage rates stem from turmoil in the Gulf regi

1 like

Mortgage Rates: What’s Really Happening?

Mortgage rates have remained higher than many buyers expected in 2026. The Federal Reserve recently held rates steady, but new projections suggest rates could stay elevated longer than expected. If you’ve been waiting for rates to fall before buying, this update is worth reading. Inside th

1 like

The Hack Nobody Teaches: Live in Your Property and Let Others Pay Your Mortgage

Most people think real estate requires more money — smart investors know it actually reduces living expenses. 🏠 House hacking = living in one unit while renting the others. 💸 Tenants help cover your mortgage. 📈 You build equity while living for little to no cost. You don’t need to be rich t

86 likes

Mortgage Rates 😱

AUG 7 | Mortgage Rates on the Decline: What It Means for Homebuyers Thinking about buying a home? Great news! Mortgage rates are anticipated to drop to around 6.5%-6.9% in second half of 2024 (source: The Mortgage Reports). This means more affordable monthly payments and increased buying power f

1 like

Mortgage Transparency

I never thought that I would be able to afford a home at 25 but here I am 6 months later thriving! I have not regretted my decision to purchase my house ever. Even my mom warned me about buyers remorse with my anxiety but it never came. My house may not be perfect for everyone but it’s perfe

1288 likes

A modern white brick new build house in South Texas with a black garage door and front door, featuring a well-maintained green lawn under a clear blue sky.

The spacious backyard of a new build house in Texas, featuring a large green lawn, a wooden fence, and an extended patio. The house has 2,900 total sq ft on an 8,200 sq ft lot.

A modern living room with a requested 13ft ceiling, featuring two light-colored sofas, a large TV with green backlighting, and several potted plants, creating a spacious and inviting atmosphere.

We Pay $2,800/m Mortgage for a 2,900sqft New Build

After my husband and I decided to settle down, we agreed to move close to his family( since mine is toooo far away 🥲). Then, We brought this beautiful new build house. It took nearly a year to finish building it, but it’s worthy! Location:📍South Texas Monthly Cost: Mortgage: ~ $2,800 Prope

3949 likes

Mortgage Rates Got a Little Hope

A small glimmer of hope for mortgage rates. This week gave buyers something better to watch. Oil moved lower. Treasury yields eased. Mortgage bonds improved. That combination matters. But this is still a headline-driven market. Rates are reacting to oil, global tension, bond moveme

0 likes

A table displays 30-year fixed mortgage rate projections for 2025 from Fannie Mae, MBA, and Wells Fargo, showing a projected average decrease from 6.58% in Q1 to 6.33% in Q4. It also includes contact information for Delyn Gabrel of Blue Water Real Estate and AlamoTITLE.

canyonlaketexas Mortgage rates may not be giving us warm fuzzies, but you know what will? Finding your dream home in the beautiful Hill Country or by the crystal-clear waters of Canyon Lake! As your local realtor with Blue Water Real Estate, I promise to help you find the perfect spot, whether y

2 likes

Just joined the miltary? Do this now (Part 1).

I’m writing this because I’m leaving the military soon — and only now am I realizing how many benefits I missed simply because no one explained them to me. Not everyone had a mentor. Not everyone had someone look out for them. If sharing what I learned helps even one person avoid the mistake

10 likes

How to Know if You Have PMI on Your Mortgage

If you bought a house and put less than 20% down, you may have something called Private Mortgage Insurance (PMI) added on to your mortgage. This is an extra monthly amount on top of your mortgage that doesn’t help you, just your lender. The good news is that it can be removed. Let’s dig in. What

3 likes

✨5 Expensive Mortgage Mistakes You Must Avoid!✨

Buying a home is one of the biggest investments you’ll make—knowledge is power! 💡 Whether you’re a first-time buyer or a seasoned investor, I’m here to guide you every step of the way. 📩 DM me today to discuss your options and start your home-buying journey with confidence!💵 Gainesville

2 likes

Mortgage Options Explained

Two ways of owning a mortgage! Explained in a way we all can understand!! Which do you prefer & why? (: #realestate #futurerealtor #easytips #fypシ゚viral #homebuying

0 likes

📉 Mortgage rates are dropping—but...

📉 Mortgage rates are dropping—but that doesn’t mean buying is getting easier! 🏡 Even with lower rates, buyers still face: 🚧 Higher home prices keeping affordability tight 🏠 Low inventory making home searches more competitive 📊 Tariffs & inflation driving up construction costs 👉 Wh

2 likes

lower your mortgage payment is pretty easy

#mortgage #mortgagetips #interest #payments #tipsandtrick

8 likes

Crazy mortgage rates😭

🚨 Breaking News: Mortgage rates just hit their lowest point in nearly a year! Now around 6.5%! 🏡 That means more buying power, lower payments, and real opportunity. 💡 If you’ve been waiting for the right time… this might be it. 👇 Drop a comment if you want me to run the numbers on your nex

0 likes

Mortgage Rates 2 Month Low

Rates continue to drop. Once the average 30 year gets to 6% we’ll see sales number grow much faster.

1 like

Read Your Mortgage Like A Lawyer 📌

Welcome to my home buying tips series! I purchased a home at 30 by myself. These are my tips and what to look for :) 🏡 Read Your Mortgage Like Your Financial Life Depends on It (Because It Kind of Does) Tips for first-time buyers who don’t want surprises after signing. I’ll be honest — w

79 likes

Many people are aware that today’s mortgage rates

Many people are aware that today’s mortgage rates are hurting. Few know they hit 17% in 1981. A $400K loan then = ~$5,700/mo. Today at 6.5% = ~$2,500/mo. Rates doubled in <2 years, which is the fastest jump since Volcker. #MortgageRates #HousingMarket

0 likes

Buy a house for less than a mortgage ✨

334 likes

Waiting For Lower Interest Rates Will Cost You

Still waiting for lower interest rates? 😬 That delay could cost you more than you think. Buy now, refi later — don’t let the “perfect time” make you miss your chance. 🏡 #HomeBuying101 #RealEstateTips #FirstTimeHomeBuyer #CentralPA #CarlislePA #MortgageTips

4 likes

Rates went up. Buyers moved anyway.

Everyone thought higher rates would freeze buyers. They didn’t. Mortgage demand jumped 10.8% in one week, even with the 30-year fixed sitting around 6.52%. Why? Buyers are tired of waiting for a perfect number. And in San Diego’s higher price points, the headline rate is not always t

0 likes

A modern living room and dining area with large windows. Overlay text introduces 'The Truth About Mortgage Rates' from Patrick Daily Team RE/MAX of Orange Beach.

Text asks why mortgage rates fluctuate dramatically, noting they can lower one day and rise the next, with an arrow indicating more information follows.

An upward trending bar graph icon accompanies text explaining how inflation causes lenders to raise mortgage rates to maintain loan value.

What’s up with Mortgage Rates in the US?

Not having control over where the market is going can drive a buyer NUTS - Rates are down one day and up the next... can we have some stability here? Unfortunately, we can't control the way rates move Factors such as inflation, the Federal Reserve, and housing demand can shift rates The one

2 likes

A social media post from 'Your Name' on Lemon8, titled '6 signs you're ready for homeownership.' It lists steady employment, design freedom, savings for down payment, low mortgage rates, desire to stay in the area, and building equity. The post is set against an interior background with chairs.

Are you ready to become a homeowner? If you've been dreaming of having your own space, here are 6 signs that show you're more than ready to take the leap into homeownership! 1️⃣ Steady Employment - Having a stable job means financial stability and the ability to make regular mortgage pa

3 likes

An image shows a house floating above clouds, with a family ascending a golden staircase towards it. Overlaid text reads "CHURCH SELLING LAND IN HEAVEN FOR $100 PER SQUARE METER" and lists payment options including Visa, Mastercard, Google Pay, and Apple Pay. Spanish text is also visible.

Heaven has a Mortgage now?!

This is the craziest church scam I have ever seen. Using god name to bring in millions of dollars. Now I know common sense it’s not actually common but come on people let’s not fall from these scams. This church is informing you can pay however you like Apple Pay, google pay, debit and credit

23 likes

🚨 Mortgage interest rates just dropped 0.25%🚨

📉 ¡Buenas noticias para Lehigh Acres, FL! Las tasas de interés bajaron 0.25% este mes de octubre, lo que hace que comprar casa sea más accesible 🏡✨ El mercado sigue activo y con buenas oportunidades tanto para compradores como para inversionistas. Si estás pensando en dar el paso, este es el m

7 likes

2% Mortgage Rates? What?

0 likes

How does inflation impact mortgage rates ?

💡 When prices go up at the grocery store… your mortgage rate feels it too 🏠💸 Here’s what most people don’t realize 👇🔥 📈 Inflation isn’t just about eggs 🥚 or gas ⛽ — it’s about your 💵 losing value. When inflation rises, investors demand higher returns to protect their cash 💰. Since mortgage-ba

0 likes

Buying a Tiny home 🏡 with NO MORTGAGE ❌

Realizing you can buy a Tiny home 🏡 with NO MORTGAGE ❌ Saving for a $30,000 Tiny Home🏠 might sound impossible at first. 🤯 Tiny homes have become really popular because they’re more affordable, easier to maintain, and help people avoid huge mortgages.❌ Most people think you need a lot of mo

22 likes

Choosing The Best Mortgage For Your NeXT Home 🏡

Helping you make the best home buying decision🙌🏿 #homebuying #realestatetips #mortgage #homebuyingtips #sanantonio

6 likes

How are mortgage rates?

#mortgagerates #roomtour #beautyfinds #Lemon8 Indio

14 likes

Fannie Mae mortgage rates forecast for 2025

Fannie Mae just dropped its most recent prediction on mortgage rates for 2025…it’s good news, but don’t expect a drastic change 👉 If you’re waiting for 5% rates… you might be waiting a while! Source: Fannie Mae #fanniemae #interestrates #rates #marketforecast #realestate #buyers

0 likes

See more