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Mortgage rates hit 18% in 1981. Here's how that compares with buying a home today

Mortgage rates hit 18% in 1981. Here's how that compares with buying a home today
Photo: KVIA ABC-7 · view original

Borrowers shopping for a 30-year fixed mortgage in the fall of 1981 saw rates peak at 18.63% in the week of Oct. 9. That still stands as the record in Freddie Mac’s weekly survey of mortgage rates, which began in 1971. On Oct. 1, 2026, the average stood at 7.28%. That looks mild next to 1981. Bu...

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