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Andrew Mooers | 207.532.6573, Northern Maine Real Estate-Aroostook County Broker (MOOERS REALTY)

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Rainmaker
5,772,587
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Andrew,

Our home in Los Angeles was At 13% fixed...An we thought we did really well. A

May 17, 2017 07:24 AM
Ambassador
6,418,799
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

My first was a land contract for 18%, refinanced a few years later for 9.

May 17, 2017 11:26 AM
Rainmaker
5,240,047
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

First home - 6.75%

Highest rate - 17.9% plus 3 points for a 15 year fixed!

May 17, 2017 07:39 AM
Rainmaker
809,258
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

Highest 5.875. Lowest 3.5%.-Kasey

May 17, 2017 07:34 AM
Rainmaker
7,864,157
Roy Kelley
Retired - Gaithersburg, MD

The mortgage interest rate was 6% when we purchased our first home.

May 17, 2017 07:28 AM
Rainmaker
2,221,377
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

5%

May 18, 2017 06:28 PM
Ambassador
3,349,554
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

It was over 20%. I don't know how we managed that!

May 17, 2017 01:57 PM
Rainmaker
1,466,257
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Andrew Mooers When I put a contract on my home the interest rate was 18% for a 30 year fixed rate. I purchased it with a VA loan. By the time we were about to close the rate came down to 12%. Just before our closing date, the rate dropped again at 9%. We locked it in and closed. A single digit interest rate was a godsend.

May 17, 2017 10:48 AM
Rainmaker
1,241,879
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

2.75% interest only.

May 17, 2017 09:42 AM
Rainmaker
1,506,163
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

All of mine are 4.25 or less.  I have one in the 2% range.

May 17, 2017 09:40 AM
Rainer
259,055
Mick Michaud
Distinctly Texas Lifestyle Properties, LLC Office:682/498-3107 - Granbury, TX
Your Texas Lifestyle is Here!

My first home was 14.5% through a first-time buyers program.  Rates where around 18 at the time.

May 17, 2017 09:39 AM
Rainmaker
5,583,328
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

I don't remember what the rates were in 1972....

May 17, 2017 09:34 AM
Rainmaker
3,988,013
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

My first home was at 6%. Later homes went as high as 13%. 

May 17, 2017 09:19 AM
Rainmaker
1,513,143
Raymond E. Camp
Ontario, NY

My first mortgage was 14.75%!

Paid cash thereafter.

May 17, 2017 09:08 AM
Ambassador
2,188,163
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

My first home was an assumption at 8%.  Later, on my third home, I remember running to the bank to refi when the rate got down to 10%.   Now it's 0%... free and clear.  

May 17, 2017 08:17 AM
Rainmaker
1,712,776
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

My first was an ARM starting at 14.875% with a 6 point cap. My business loan was at 22%.

May 17, 2017 07:50 AM
Rainmaker
1,201,652
Doug Dawes
Keller Williams Evolution - 447 Boston Street, Suite #5, Topsfield, MA - Topsfield, MA
Your Personal Realtor®

We paid 13% interest on our home. I thought I would choke, BUT we knew rates would come down and we'd refinance

May 17, 2017 07:41 AM
Rainmaker
5,113,121
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Have never paid higher than maybe 6%. Until we moved to Charlotte, all our property was purchased for cash... top NYCity coops don't allow financing in many cases.

May 17, 2017 07:25 AM
Rainmaker
1,045,440
Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

The mortgage interest rate was 7+/- when we purchased our first home.

Apr 08, 2018 08:58 PM
Rainmaker
5,877,915
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Back in the late 80's I had a home with 17.9%, and that was with excellent credit! 

May 20, 2017 03:17 PM
Rainmaker
1,617,916
Harry F. D'Elia III
WEDO Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

Mine was 7%

May 19, 2017 05:43 AM
Rainmaker
902,038
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

10.6% fixed, for a co-op amd I thought I was doing well! Yes, ther were rates of 16%. I also remember Prime at 21%.

May 18, 2017 07:39 PM
Rainmaker
4,961,547
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

First house 9.5% then around 1980 16.5% now 4.25%

May 18, 2017 07:25 AM
Rainmaker
991,352
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

Our first potential started at 12%, and before we found one and closed it dropped to 4%

May 18, 2017 06:30 AM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Lower Than That!

May 18, 2017 05:39 AM
Rainmaker
4,800,132
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I think mine was 11%.

May 18, 2017 05:39 AM
Rainmaker
1,728,256
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

Highest ever was 8.5% APR for commercial property

May 18, 2017 05:22 AM
Rainmaker
599,734
Nathan Gesner
American West Realty and Management - Cody, WY
Broker / Property Manager

I've been fortunate that all the homes I've bought over the years were 7% or lower.

May 18, 2017 05:20 AM
Rainmaker
4,434,177
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

9%

May 18, 2017 02:58 AM
Rainmaker
1,624,853
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

I bought my first home just two years ago, so i do not have any history with personal mortgages... I hope, we are not going ever to 17%.

May 17, 2017 10:35 PM
Rainer
353,865
Jim Cheney
Saint Francis Property Santa Rosa, CA - Santa Rosa, CA
Rincon Valley Realtor 707.494.1055

My first was an adjustable 11%, capped at 13%.  I was excited when it dropped below 10% and I locked it in.  Currently I pay 3.8% (+/-)

May 17, 2017 09:54 PM
Rainmaker
4,319,773
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Andrew Mooers - I think it was 7.125%

May 17, 2017 09:40 PM
Ambassador
5,254,685
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Highest 13%, lowest 3%.

May 17, 2017 09:18 PM
Rainmaker
3,986,308
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Mine was about 8% but I had a business loan at 25%

May 17, 2017 08:04 PM
Rainmaker
5,028,171
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

We bought when at was 6.5 % and my son in-law whose a mortgage broker refinanced for 3.5% back in 2000 and we paid the house off in 3 years!

May 17, 2017 07:34 PM
Rainmaker
3,416,038
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

My highest was 10% although i do use some hard money that has been 12% on a buy, fix and sell. 

May 17, 2017 04:22 PM
Rainmaker
1,553,599
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

I've had 14%, 9% and 7% as high points. Paid cash a couple times too.

May 17, 2017 02:40 PM
Ambassador
2,684,669
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

      10.5% in 1979.   I assigned that contract to a friend and got out of it.

      I saw rates hit 16.5% in the early 80's.  The joke at the time was, "buy the house with your Visa card; you will get a better interest rate".

May 17, 2017 02:10 PM
Rainmaker
2,784,726
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

I have been all over the place too...Adjustable is the worse

May 17, 2017 01:56 PM
Rainmaker
2,400,450
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

I believe it was around 16% in 1973 Andrew Mooers but then again my memory is fading.

May 17, 2017 01:07 PM
Ambassador
5,061,034
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

I don't remember the first but at one point we had a rate of about 16%

May 17, 2017 10:59 AM