History of interest rates is quite interesting .. table in this article shows them over nearly 50 years !!
http://www.bbc.co.uk/news/business-41846637I well remember the 1978 ... as that's when we plunged into house purchase, thinking the worst rises were in the past, for them to leap to 17% within 2 months of moving in !!! In January 1979 my monthly Standing Orders were £25 more than my monthly pay .... and Chris was out of work ..
My mother literally gave us bread and beans to live on ... luckily in April 1979 Callaghan tried to "bribe" the armed forces to vote for him with a very decent pay rise, needless to say, we took the money but voted him out in May
At least I could afford to feed us then even if we had little for anything else, then in June Chris got a job and things started to look up ..
BTW .. still in that same house (a tad bigger now with the extensions etc etc)... only ever bought one, and still don't know how to sell one ..