Historical Year Data · 1989

30Y Mortgage Rate in 1989

30Y Mortgage Rate opened 1989 at 10.80% and closed at 9.78%, a -9.44% move for the year. The high of 11.22% was reached on March 24, and the low of 9.68% on August 4.

Open

10.80%

1989-01

9.78%

52 data points

High

11.22%

Mar 24

Low

9.68%

Aug 4

Full Year Change

-9.44%

1988 Change

+2.57%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	10.80%	10.60%	10.81%	10.60%	-1.85%
Feb	10.55%	10.78%	10.78%	10.55%	+2.18%
Mar	10.91%	11.19%	11.22%	10.86%	+2.57%
Apr	11.07%	11.03%	11.11%	10.99%	-0.36%
May	10.97%	10.50%	10.97%	10.50%	-4.28%
Jun	10.48%	10.07%	10.48%	10.04%	-3.91%
Jul	10.03%	9.81%	10.03%	9.81%	-2.19%
Aug	9.68%	10.21%	10.21%	9.68%	+5.48%
Sep	10.22%	10.16%	10.22%	10.03%	-0.59%
Oct	10.10%	9.82%	10.10%	9.82%	-2.77%
Nov	9.82%	9.74%	9.82%	9.72%	-0.81%
Dec	9.74%	9.78%	9.78%	9.69%	+0.41%

Events During 1989

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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