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

M

musicfan

Registered User
Messages
137
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
 
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as recently as the late 1980s and early 1990s, mortgage interest rates in Ireland were up around 18%
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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...
 
With one of the sub-prime lenders, it is possible to get approval with a rate of 12.45%. MAD!!!
 
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