Mortgage history trivia

Eight trivia questions about how the American mortgage came to be, and its record highs and lows.

8 questions · about 2 minutes · no signup needed

Question 1 of 8Which agency, created in 1934, helped make long-term, low down payment mortgages common?

The Federal Housing Administration (FHA)The IRSThe Federal ReserveFEMA

Question 2 of 8When was Fannie Mae created?

1938196819902008

Question 3 of 8When was Freddie Mac created?

1970193419991950

Question 4 of 8Which law created the VA home loan?

The GI Bill of 1944The Homestead ActThe Dodd-Frank ActThe Fair Housing Act

Question 5 of 8The record high average 30-year fixed rate in Freddie Mac’s survey was about…

18.6% (October 1981)9% (1995)12% (2007)25% (1979)

Question 6 of 8The record low average 30-year rate was about…

2.65% (January 2021)1% (2012)3.9% (2003)0.5% (2020)

Question 7 of 8What share of U.S. households own their home, roughly?

About 65%About 30%About 90%About 45%

Question 8 of 8Which law banned discrimination in home sales and lending based on race and other protected traits?

The Fair Housing Act of 1968The Tax Reform ActThe Clean Air ActThe Glass-Steagall Act

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