Historical Year Data · 1983

30Y Mortgage Rate in 1983

30Y Mortgage Rate opened 1983 at 13.46% and closed at 13.43%, a -0.22% move for the year. The high of 13.89% was reached on August 19, and the low of 12.55% on May 20.

Open

13.46%

1983-01

13.43%

52 data points

High

13.89%

Aug 19

Low

12.55%

May 20

Full Year Change

-0.22%

1982 Change

-21.56%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	13.46%	13.10%	13.46%	13.10%	-2.67%
Feb	13.06%	12.98%	13.07%	12.98%	-0.61%
Mar	12.74%	12.86%	12.86%	12.74%	+0.94%
Apr	12.82%	12.73%	12.82%	12.73%	-0.70%
May	12.71%	12.68%	12.71%	12.55%	-0.24%
Jun	12.74%	12.96%	12.96%	12.74%	+1.73%
Jul	13.08%	13.65%	13.65%	13.08%	+4.36%
Aug	13.73%	13.78%	13.89%	13.73%	+0.36%
Sep	13.77%	13.65%	13.77%	13.65%	-0.87%
Oct	13.59%	13.43%	13.60%	13.43%	-1.18%
Nov	13.42%	13.43%	13.47%	13.42%	+0.07%
Dec	13.41%	13.43%	13.46%	13.38%	+0.15%

Events During 1983

1982 Latin American Debt Crisis

Deflation

August 1982 – 1989

Mexico defaulted on its external debt in August 1982, triggering a seven-year crisis that engulfed Brazil, Argentina, Chile, and most of Latin America. The "lost decade" reshaped emerging market finance.

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