Mortgage Trend

MochaJoe asked:


January 1981 (Under Carter)
Unemployment Rate: 7.8%
Inflation Rate 13.5%
Prime Interest Rate 21.5%
Mortgage Rate: 14.9%
30-Year Mortgage Rate: 18.5%
Inflation Rate:13.58%

January 2009 (Under Bush)
Unemployment Rate: 7.6%
Inflation Rate 3.8%
Prime Interest Rate 3.25%
Mortgage Rate: 5.05%
30-Year Mortgage Rate: 4.96%
Inflation Rate:3.85%

http://mortgage-x.com/general/indexes/pr…

http://www.data360.org/dsg.aspx?Data_Set…

http://www.freddiemac.com/pmms/pmms30.ht…

http://mortgage-x.com/general/indexes/pr…

http://www.miseryindex.us/irbyyear.asp

http://www.usinflationcalculator.com/inflation/historical-inflation-rates/

I am not personally saying that either are depressions. Some people in the media have said that Bush put the country into a Depression and based on those statements I ask if we can call one a Depression would not the end of the Carter Administration then also qualify?