✉news BusinessReal Estate first seen 11 h ago, last 49 min ago, peak #1

Why Today's 7.5% Mortgage Rate Isn't the 1980s All Over Again

Original: Why a 7.5% Mortgage Rate Today Is Very Different From an 18% Rate in the 1980s

Commentary is making the case that a 7.5% mortgage rate in today's market is far less punishing than the 18% rates US homebuyers faced in the early 1980s. The argument turns on home prices relative to incomes: rates are high now, but loan balances are many times larger, so the monthly payment burden can be comparable or worse. Readers are debating whether comparisons between the two eras of high rates actually hold up.

Why now: Homebuyers are worried about high mortgage rates and want to know how today's costs compare with past rate spikes

US housing marketmortgage ratesFederal Reserve

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• Why a 7.5% Mortgage Rate Today Is Very Different From an 18% Rate in the 1980s · Substack

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