# Mortgage rates climbing **URL:** \ **Category:** Misc. Discussion\ **Created:** [October 30, 2024, 12:33am UTC](https://forum.nachi.org/t/mortgage-rates-climbing/248511 "2024-10-30T00:33:52Z")\ **Posts on this page:** 9\ **Page:** 1
**Author:** ![gromicko](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/gromicko/32/58172_2.png) [@gromicko](https://forum.nachi.org/u/gromicko)\ **Post date:** [October 30, 2024, 12:33am UTC](https://forum.nachi.org/t/mortgage-rates-climbing/248511/1 "2024-10-30T00:33:52Z")
> **[30-Year Mortgage Rates Climb Again, to Highest Level Since Early July - Oct....](https://www.investopedia.com/30-year-mortgage-rates-climb-again-to-highest-level-since-early-july-oct-29-2024-8735798)** > > Mortgage rates are back on the move after a two-day pause. The 30-year average is up to its most expensive level in three and a half months, with other averages also up. ---
**Author:** ![dbowers](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/dbowers/32/59651_2.png) [@dbowers](https://forum.nachi.org/u/dbowers)\ **Post date:** [October 30, 2024, 6:08pm UTC](https://forum.nachi.org/t/mortgage-rates-climbing/248511/2 "2024-10-30T18:08:17Z")
WOW … thats right about where it was when I got out of HS about 60 yrs ago, BUT not as high as it was in “82-83” when it hit 16%. At 15% - 16% they still bought (actually it was a feeding frenzy because buyers were scared shitless it was gonna keep going). ---
**Author:** ![mcyr](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/mcyr/32/173319_2.png) [@mcyr](https://forum.nachi.org/u/mcyr)\ **Post date:** [October 30, 2024, 6:40pm UTC](https://forum.nachi.org/t/mortgage-rates-climbing/248511/3 "2024-10-30T18:40:05Z")
Rates were higher than that in 1970-93. I was paying a variable rate of 11-14% on a home loan in 1974 ---
**Author:** ![mfellman](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/mfellman/32/369692_2.png) [@mfellman](https://forum.nachi.org/u/mfellman)\ **Post date:** [October 30, 2024, 6:47pm UTC](https://forum.nachi.org/t/mortgage-rates-climbing/248511/4 "2024-10-30T18:47:00Z")
This is about as bad of conditions possible for home sales… spiking rates and a week before an election. ---
**Author:** ![lmarquez](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/lmarquez/32/56195_2.png) [@lmarquez](https://forum.nachi.org/u/lmarquez)\ **Post date:** [October 30, 2024, 10:58pm UTC](https://forum.nachi.org/t/mortgage-rates-climbing/248511/5 "2024-10-30T22:58:53Z")
Between April 1971 and October 2024, 30-year fixed-rate mortgages averaged **7.73%**. ---
**Author:** ![mfellman](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/mfellman/32/369692_2.png) [@mfellman](https://forum.nachi.org/u/mfellman)\ **Post date:** [October 30, 2024, 11:17pm UTC](https://forum.nachi.org/t/mortgage-rates-climbing/248511/6 "2024-10-30T23:17:40Z")
Yeah, but the ridiculously low rates in recent years have allowed prices to creep up to the point that houses are no longer affordable to many. We’ve basically backed ourselves into a corner that’s going to take a long time to get out of. ---
**Author:** ![clambrecht2](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/clambrecht2/32/339981_2.png) [@clambrecht2](https://forum.nachi.org/u/clambrecht2)\ **Post date:** [January 10, 2025, 8:21pm UTC](https://forum.nachi.org/t/mortgage-rates-climbing/248511/7 "2025-01-10T20:21:47Z")
2025 not off to a good start… > ---
**Author:** ![kleonard](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/kleonard/32/170953_2.png) [@kleonard](https://forum.nachi.org/u/kleonard)\ **Post date:** [January 10, 2025, 10:07pm UTC](https://forum.nachi.org/t/mortgage-rates-climbing/248511/8 "2025-01-10T22:07:27Z")
> [@clambrecht2](#): > > 2025 not off to a good start… Not a good start for interest rates, but as far as inspections go, I can’t remember a busier January, my phone has been blowing up. I hope the business keeps coming. There’s been a lot of pent up demand and I’m thinking people are just tired of waiting for rates to go down. ---
**Author:** ![tglaze](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/tglaze/32/362210_2.png) [@tglaze](https://forum.nachi.org/u/tglaze)\ **Post date:** [January 10, 2025, 10:20pm UTC](https://forum.nachi.org/t/mortgage-rates-climbing/248511/9 "2025-01-10T22:20:47Z")
> [@kleonard](#): > > I can’t remember a busier January, my phone has been blowing up. I hope the business keeps coming. That’s great Kevin! My market is still dead but I’m keeping my phone charged just in case… 🤔 😉