Highest mortgage interest rate in the last 20-30 years?

[musicfan]

Hi All

This may be a stupid question but what is the highest interest rate on mortages that was reached in the last 20 or 30 years?

Just curious.

Thanks

 

[rmelly]

[broken link removed]

as recently as the late 1980s and early 1990s, mortgage interest rates in Ireland were up around 18%

 

[Welfarite]

The county council fixed rate for house loans in 1980 was 12.5%. I think rates of 15% prevailed in the early 1990s. Also, In the 80s, you have to have 10% of house price on deposit with a building society for 6 months or a 1 year before they would CONSIDER giving you a mortgage.

I smile when I read some of the posts on AAM about current trends in mortgages and the like and think back...

 

[Kemo_Sabe]

here's a thought: what would mortgage rates of 8% do to a lot of posters on here?

 

[JJ1982]

here's a thought: what would mortgage rates of 8% do to a lot of posters on here?

eat up any bit of extra income in the house at all for me anyway

 

[Jonathan.OB]

With one of the sub-prime lenders, it is possible to get approval with a rate of 12.45%. MAD!!!

 

[ClubMan]

Any use?

Irish Short & Long Term Interest Rates and Returns, annually since 1783

 

[Kemo_Sabe]

Any use?

Irish Short & Long Term Interest Rates and Returns, annually since 1783

fine period of interest rate stability from 1783 to 1824!