What was going on in 1981?

In doing a little packing the other day we stumbled upon this news clipping from Parade magazine 05July1981. So think Pinterest of Slate. 15%mortgage rate?

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I’m hoping those that lived through this time will give a good comment. It sounds like the FED was battling inflation back in the summer/fall of 1981.

Interest during inflation?

Historical Mortgage Rates from 1980 to now.

 

One response to “What was going on in 1981?”

  1. Those of us who paid those rates remember them well. They were still hanging out in that territory when we first bought in Columbus in 1989! Not sure what Jim and Sue paid when they moved to Solon in 1984/5.

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