When I had to buy my first house at age 30, when Ronald Reagan was president, in 1980, inflation was 12.5% and the average 30 year mortgage was 13.74%. Under President Ronald Reagan, it reached an all time high of 18.63 in October of 1981. Part of the cause was he cut taxes and increased government spending.
When I had to buy my first house at age 30, when Ronald Reagan was president, in 1980, inflation was 12.5% and the average 30 year mortgage was 13.74%. Under President Ronald Reagan, it reached an all time high of 18.63 in October of 1981. Part of the cause was he cut taxes and increased government spending.