1970s 1971 was the first year Freddie Mac started surveying mortgage lenders, and 30-year fixed-rate mortgages hovered between 7.29% and 7.73%. The annual rate of inflation started spiking in 1974 and continued to spike into the 1980s. As a result, lenders increased rates to keep up with unchecked inflation, leading to mortgage rate volatility for […]
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