Mortgage Rates by the Decades

Real Estate Agent with Coldwell Banker Realty ~ 512.750.6899

Headlines are intimating “the sky is falling” when it comes to rising mortgage interest rates. What buyers need to examine is decades of interest rates and put the current mortgage interest rates in perspective!

Check out the difference in the monthly payment on a $600,000 home throughout the years with 10% down:


Did you know beginning July 10th Freddie Mac increased homeownership opportunities by considering on-time rent payments as part of loan purchase decisions. This is huge, as eligible rent payment data includes checks and electronic payments or digital payments from services like Venmo, PayPal and Zelle.

Buyers have options now! Interest rates might not be what they were the beginning of 2022 but because of inventory increases they are not having to duke it out with 15 other buyers on the same property! Buyers it’s not a better time to buy!

I work with a diversity of clients that have a variety of wants and needs, but my approach stays the same. As always I provide First class service from beginning to end. I want to understand what my Buyer clients are looking for in their next dream home. Call me when you are ready to make a move. Let’s see how I can help YOU!

Posted by

Austin TX Canyon Creek Real Estate Agent

(512) 750-6899


My ActiveRain Blog
Austin Real Estate Website
Canyon Creek Neighborhood

I specialize in Listing and Selling homes in the NW Austin Area. I use my experience to guide clients through the process, whether selling or buying. It’s a beautiful thing when your career and a passion come together. I love what I do!

Comments (15)

Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Dorie, I still remember having a 17% home loan, and my credit has always been great.  Rates were just high!

Jul 15, 2022 08:00 AM
Dorie Dillard Austin TX

Hi Joan Cox : But look back through the decades at my chart and we are looking pretty good right now!

Jul 15, 2022 11:50 AM
Diana Dahlberg

I remember buying my first house ... started at 9 3/4 and ended up at 17% 

Jul 17, 2022 10:09 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Dorie - I bought my first condo in Hartsdale NY in 1977 for 49,000 with 10,000 and a 8.5% mortgage and in New Jersey it was 9.5%  But when we needed to sell in 1983 we got a 12% variable rate which had been bought down 1.5% by the builder.  By the time it adjusted the rates were much better

Jul 15, 2022 08:30 AM
Dorie Dillard Austin TX

Isn't it amazing Grant Schneider !

Jul 15, 2022 11:51 AM
Dan Hopper
Dan Hopper - Gold Way RE - Westminster, CO
Denver Broker / Real Estate Advocate

Love the chart,  ...  brings back a lot of memories with the high interest rates and programs the lenders were using.  We bought our first home as a new build in 1977, took them one year to finish the build in 1978, when we closed, the base price of our home increased by $12,350.  That's what 20-22% per year inflation will do to you.  The loan had a 10.1% rate, CONV. interest ONLY for the first 5 yrs. We threw some extra per month to add to the principal.  

Jul 15, 2022 09:33 AM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Hi Dorie- gotta love those 80s!  ( just kidding) We bought homes in the 70s, 80s, 90s ...well you get the picture. 

Jul 15, 2022 11:19 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Hi Kathy Streib ..Look at the payment in the 80's and the payment now..does look so bad does it?

Jul 15, 2022 11:56 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Dorie when I look at that chart 6% interest rates do not look all that bad.

Jul 15, 2022 03:01 PM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Hi Dan Hopper : It's fun to look back because we all have a story of when we bought!

H George Souto : The chart helps to put mortgage interest rates into perspective!

Jul 15, 2022 03:49 PM
Paddy Deighan MBA JD PhD - Vail, CO
Paddy Deighan J.D. Ph.D

very interesting study...we sometimes forget how good we had well as how bad it was!!!

Jul 15, 2022 09:20 PM
Roy Kelley
Retired - Gaithersburg, MD

This is a very interesting chart to share.

I remember when mortgage interest rates were above 16%. We thought that if they got back down to 12%, everything would be okay.

Jul 16, 2022 05:49 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Hi Paddy Deighan MBA JD PhD I think we do forget how good we had it.

Hi Roy Kelley : Isn't it amazing the history of mortgage interest rates?

Jul 16, 2022 07:54 AM
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

This is such a good post!  I find myself often explaining these rates to my buyers, especially the Millennials.  I use my own experience when I bought my first home (to put it into perspective) ... started at 9 3/4% and due to an ADJ rate mortgage -- ended up at 17% -- OUCH! 

Jul 17, 2022 10:16 AM
Mary Hutchison, SRES, ABR
Better Homes and Gardens Real Estate-Kansas City Homes - Kansas City, MO
Experienced Agent in Kansas City Metro area

Very interesting chart! I do tell buyers even though interest rates are up, it's not as bad as some years in the past.  However, the shock for buyers is that they have risen so very quickly.  What they could afford in January is now less than in July.

Jul 18, 2022 09:15 AM
Jan Green - Scottsdale, AZ
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

That down payment chart is really telling when you look at historic interest rates and down payments.  Maybe using the same chart at 20% would be a good idea?  I think I remember having to put 20% down in 1984 for my first house!

Jul 19, 2022 10:31 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Hi Diana Dahlberg : Thank you..sometimes putting things in perspective helps!

Hi Mary Hutchison, SRES, ABR : You are right..they have risen so quickly and hard to accept when they are so much higher than 6 months ago.

Jul 20, 2022 07:18 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Hi Jan Green - Scottsdale, AZ : That sounds like a great idea to put one down at 20% down and look at the numbers.

Jul 20, 2022 07:19 AM