330,870
For me, it was 14 1/2 % in 1984.
-
Carla Freund
Raleigh, NC
-
Bob "RealMan" Timm
Minot, ND
-
Hannah Williams
Philadelphia, PA
-
John Juarez
Fremont, CA
-
Gary Frimann, CRS, GRI...
Gilroy, CA
-
Candice A. Donofrio
Fort Mohave, AZ
-
Doug Dawes
Topsfield, MA
-
Katina Hargrove 352-55...
Eustis, FL
-
Brian England
Gilbert, AZ
-
Nina Hollander, Broker
Charlotte, NC
-
Buzz Mackintosh
Frederick, MD
8,111,424
6% in 1961
-
Carla Freund
Raleigh, NC
-
Bob "RealMan" Timm
Minot, ND
-
John Juarez
Fremont, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Gary Frimann, CRS, GRI...
Gilroy, CA
-
Doug Dawes
Topsfield, MA
-
Brian England
Gilbert, AZ
-
Nina Hollander, Broker
Charlotte, NC
-
Buzz Mackintosh
Frederick, MD
-
Michael Elliott
Burlington Township, NJ
1,631,214
1986. it was 10%.
-
Signature Homes & Estates
Gilroy, CA
-
Eagle Ridge Realty
Gilroy, CA
-
The Villages Realty
San Jose, CA
-
Joan Cox
Denver, CO
-
Bob "RealMan" Timm
Minot, ND
-
Katina Hargrove 352-55...
Eustis, FL
-
John Juarez
Fremont, CA
-
Michael Elliott
Burlington Township, NJ
-
Kathleen Daniels, Prob...
San Jose, CA
4,940,581
Hmm, I don't recall, but I got into the industry in 2010, I am thinking it was around 6%, but I truly don't recall, haha.
-
Bob "RealMan" Timm
Minot, ND
-
John Juarez
Fremont, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Gary Frimann, CRS, GRI...
Gilroy, CA
-
Doug Dawes
Topsfield, MA
-
Katina Hargrove 352-55...
Eustis, FL
-
Michael Elliott
Burlington Township, NJ
-
Nina Hollander, Broker
Charlotte, NC
-
Buzz Mackintosh
Frederick, MD
5,448,339
7% with 3 points, 29 year amortization in 1972
-
Bob "RealMan" Timm
Minot, ND
-
John Juarez
Fremont, CA
-
Michael Elliott
Burlington Township, NJ
-
Kathleen Daniels, Prob...
San Jose, CA
-
Gary Frimann, CRS, GRI...
Gilroy, CA
-
Lyn Sims
Schaumburg, IL
-
Doug Dawes
Topsfield, MA
-
Katina Hargrove 352-55...
Eustis, FL
2,557,616
I was licensed in December 2010 and I just looked it up and it was 4.61%
-
Bob "RealMan" Timm
Minot, ND
-
John Juarez
Fremont, CA
-
Michael Elliott
Burlington Township, NJ
-
Kathleen Daniels, Prob...
San Jose, CA
-
Gary Frimann, CRS, GRI...
Gilroy, CA
-
Doug Dawes
Topsfield, MA
-
Katina Hargrove 352-55...
Eustis, FL
-
Nina Hollander, Broker
Charlotte, NC
5,275,793
I honestly don't remember. I was selling primarily coops in NY City and most of them required cash purchases. Interest rates were not much of a factor. Even those coops that allowed some financing, didn't allow much more than 25-30% of the purchase price... so people paid little attention to the rates.
-
Joan Cox
Denver, CO
-
Bob "RealMan" Timm
Minot, ND
-
John Juarez
Fremont, CA
-
Michael Elliott
Burlington Township, NJ
-
Kathleen Daniels, Prob...
San Jose, CA
-
Gary Frimann, CRS, GRI...
Gilroy, CA
-
Doug Dawes
Topsfield, MA
-
Katina Hargrove 352-55...
Eustis, FL
657,960
Mid 80's it was around 12% and steadily declined from there.
-
Bob "RealMan" Timm
Minot, ND
-
John Juarez
Fremont, CA
-
Michael Elliott
Burlington Township, NJ
-
Kathleen Daniels, Prob...
San Jose, CA
-
Gary Frimann, CRS, GRI...
Gilroy, CA
-
Doug Dawes
Topsfield, MA
-
Katina Hargrove 352-55...
Eustis, FL
-
Nina Hollander, Broker
Charlotte, NC
2,114,622
I remember hearing horror stories from mature agents, as I entered the business, about selling properties by assuming existing mortgages because current rates had increased upward of 18% - 22%.. if you could manage to qualify at all.
-
Bob "RealMan" Timm
Minot, ND
-
John Juarez
Fremont, CA
-
Gary Frimann, CRS, GRI...
Gilroy, CA
-
Lyn Sims
Schaumburg, IL
-
Doug Dawes
Topsfield, MA
-
Katina Hargrove 352-55...
Eustis, FL
-
Brian England
Gilbert, AZ
-
Buzz Mackintosh
Frederick, MD
1,251,030
I had to look it up. I got my license in 1976. The interest rate for that year started at 9.10% and ended the year at 8.78%
-
Joan Cox
Denver, CO
-
Bob "RealMan" Timm
Minot, ND
-
John Juarez
Fremont, CA
-
Michael Elliott
Burlington Township, NJ
-
Kathleen Daniels, Prob...
San Jose, CA
-
Gary Frimann, CRS, GRI...
Gilroy, CA
-
Lyn Sims
Schaumburg, IL
672,461
around 10% and climbing, to above 18% in 1981.
-
Bob "RealMan" Timm
Minot, ND
-
John Juarez
Fremont, CA
-
Michael Elliott
Burlington Township, NJ
-
Kathleen Daniels, Prob...
San Jose, CA
-
Gary Frimann, CRS, GRI...
Gilroy, CA
-
Doug Dawes
Topsfield, MA
-
Katina Hargrove 352-55...
Eustis, FL
2,702,752
13% to 14%
-
Bob "RealMan" Timm
Minot, ND
-
John Juarez
Fremont, CA
-
Michael Elliott
Burlington Township, NJ
-
Kathleen Daniels, Prob...
San Jose, CA
-
Gary Frimann, CRS, GRI...
Gilroy, CA
-
Doug Dawes
Topsfield, MA
-
Katina Hargrove 352-55...
Eustis, FL
657,960
Mid 80's it was around 12% and steadily declined from there.
-
Bob "RealMan" Timm
Minot, ND
-
John Juarez
Fremont, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Gary Frimann, CRS, GRI...
Gilroy, CA
-
Doug Dawes
Topsfield, MA
-
Katina Hargrove 352-55...
Eustis, FL
-
Nina Hollander, Broker
Charlotte, NC
2,282,377
16.5% adjustable for housing in 1981. I remember a commercial loan rate of 22% adjustable for my neighbor, a local grocery store owner ready to hand in the keys to the bank.
You take nothing for granted and sharpen your skills quickly when conditions around you are the most challenging Michael Elliott. It's called life survival.
The slowest moving zombie real estate agent is the one who gets "eaten" first. Licensed in 1979.
-
John Juarez
Fremont, CA
-
Gary Frimann, CRS, GRI...
Gilroy, CA
-
Doug Dawes
Topsfield, MA
-
Brian England
Gilbert, AZ
-
Nina Hollander, Broker
Charlotte, NC
-
Buzz Mackintosh
Frederick, MD
-
Michael Elliott
Burlington Township, NJ
2,503,276
I'm pretty sure it was 6% Michael Elliott and when I left it was around 2%.
UPDATE! I checked and it was 8.7% when I started out.
-
Bob "RealMan" Timm
Minot, ND
-
Kathleen Daniels, Prob...
San Jose, CA
-
Joan Cox
Denver, CO
-
Michael Elliott
Burlington Township, NJ
-
Katina Hargrove 352-55...
Eustis, FL
-
John Juarez
Fremont, CA
1,533,854
I have no idea. Probably around 3%-5%
-
Bob "RealMan" Timm
Minot, ND
-
Katina Hargrove 352-55...
Eustis, FL
-
John Juarez
Fremont, CA
-
Michael Elliott
Burlington Township, NJ
-
Kathleen Daniels, Prob...
San Jose, CA
-
Gary Frimann, CRS, GRI...
Gilroy, CA
1,868,078
14% then up to 16%
We still did deals just differently than now.
-
Bob "RealMan" Timm
Minot, ND
-
Katina Hargrove 352-55...
Eustis, FL
-
John Juarez
Fremont, CA
-
Michael Elliott
Burlington Township, NJ
-
Candice A. Donofrio
Fort Mohave, AZ
-
Gary Frimann, CRS, GRI...
Gilroy, CA
1,095,640
7.5%
-
Lyn Sims
Schaumburg, IL
-
Bob "RealMan" Timm
Minot, ND
-
Katina Hargrove 352-55...
Eustis, FL
-
John Juarez
Fremont, CA
-
Michael Elliott
Burlington Township, NJ
-
Gary Frimann, CRS, GRI...
Gilroy, CA
516,847
Michael Elliott
I started in 2006 and the rate was not in my mind. My mind was on listing and figuring out what the heck I was doing, lol.
-
Joan Cox
Denver, CO
-
Bob "RealMan" Timm
Minot, ND
-
John Juarez
Fremont, CA
-
Michael Elliott
Burlington Township, NJ
-
Kathleen Daniels, Prob...
San Jose, CA
-
Gary Frimann, CRS, GRI...
Gilroy, CA
1,426,697
Average mortgage rate when I got my license was 7.50%.
When we bought our house in 1976, our mortgage was at 8% and we thought we were fortunate.
-
Kathleen Daniels, Prob...
San Jose, CA
-
Joan Cox
Denver, CO
-
Bob "RealMan" Timm
Minot, ND
-
Michael Elliott
Burlington Township, NJ
-
Katina Hargrove 352-55...
Eustis, FL
882,526
10-12% and 29% interest was called usury😎
-
Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
-
Michael Elliott
Burlington Township, NJ
-
Katina Hargrove 352-55...
Eustis, FL
-
John Juarez
Fremont, CA
3,416,335
Well now, No clue. I did however ask Mr. G. who reports it was 5.85%
-
Bob "RealMan" Timm
Minot, ND
-
Katina Hargrove 352-55...
Eustis, FL
-
John Juarez
Fremont, CA
-
Michael Elliott
Burlington Township, NJ
-
Kathleen Daniels, Prob...
San Jose, CA
1,609,077
No recollection. But I'm sure it's easily Googled - 1999
-
Michael Elliott
Burlington Township, NJ
-
Bob "RealMan" Timm
Minot, ND
-
Kathleen Daniels, Prob...
San Jose, CA
-
Thomas J. Nelson, REAL...
La Jolla, CA
3,651,297
I think it was the mid-teens. I remember lookimg fir abbuying FHA assumables loan homes in the late 80's and when the interest rate was under 10% we thought that was a SUPER deal. But it now! And so it was....
-
Kathleen Daniels, Prob...
San Jose, CA
-
Lyn Sims
Schaumburg, IL
-
Bob "RealMan" Timm
Minot, ND
-
Michael Elliott
Burlington Township, NJ
2,399,217
I was going to say 15% Michael Elliott, but you may be right as I was also licensed in 1984 -1985. It is funny that we think 7% is high now. When I purchased my first house, interest rates were 19%. I received 15%. I thought I got a deal
-
Kathleen Daniels, Prob...
San Jose, CA
-
Joan Cox
Denver, CO
-
Bob "RealMan" Timm
Minot, ND
-
Michael Elliott
Burlington Township, NJ
409,394
4.5, when I entered with a license, but helped my wife for a decade before I got my license.
-
Michael Elliott
Burlington Township, NJ
-
Bob "RealMan" Timm
Minot, ND
-
Kathleen Daniels, Prob...
San Jose, CA
3,209,834
8 ish quickly dropping into the 7s in the early 90s
-
Michael Elliott
Burlington Township, NJ
-
Bob "RealMan" Timm
Minot, ND
-
Kathleen Daniels, Prob...
San Jose, CA
927,171
1986 in Connecticut, 10% just dropped from 12% the year before.
-
Bob "RealMan" Timm
Minot, ND
-
Michael Elliott
Burlington Township, NJ
6,649,542
A few of my early properties were at 18 percent.
-
Michael Elliott
Burlington Township, NJ
-
Bob "RealMan" Timm
Minot, ND
5,167,751
7% in 1996 if I remember right.
-
Michael Elliott
Burlington Township, NJ
-
Bob "RealMan" Timm
Minot, ND
5,979,275
When I got into this business late 1996, it was 8%.
-
Michael Elliott
Burlington Township, NJ
-
Bob "RealMan" Timm
Minot, ND
691,060
As a buyer back in the 1980's, it was 13.5% and when I became a licensed real estate professional is was 3%.
-
Bob "RealMan" Timm
Minot, ND
-
Michael Elliott
Burlington Township, NJ
785,614
10 1/4%
-
Bob "RealMan" Timm
Minot, ND
-
Michael Elliott
Burlington Township, NJ
452,169
4.5-5.0%. I think it was the lowest in about 50-60 years. I recall that for two reasons, 1. I had a rates table on the back of my business card at the time & 2. There was a house my broker had for sale, and the seller had the original sales contract when he bought it, and I the seller had 4.5 or 5.0%.
-
Michael Elliott
Burlington Township, NJ
939,771
When I got my NC license in 2007 I believe they were in the 6% range.
When I started working in mortgage banking in the mid 80s people were refinancing to get rates for 10-13%.
1,091,675
About where we are now, but it was substantially different because of sub prime loans. Many sub prime loans were ~7-8% while conventional loans were high 6s.
I entered in 2006
424,163
5,239,499
2,244,317