U.S. Mortgages in 1982 vs. 2021 vs. 2023 — the Good, the Bad, and the Ugly
30Y in 30D • Y18. It has been a wild journey in mortgage rates for the U.S. over the past 41 years from sky-high levels to record lows.
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(Full list of “30 Years in 30 Days” Series articles at bottom of this article.)
• 30Y in 30D • Y16: The Total Cost of Ownership of Your House
• 30Y in 30D, Y11: Dream Home or Financial Freedom? Rethinking the True Cost of Stretching
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When it comes to residential housing mortgages in the U.S., what do October 1982, January 2021, and October 2023 have in common?
Not much, as it turns out.
Each of those years was dramatically different from the other years in important ways when it came to the topic of 30-year…
