Answer
The answer varies by source due to the number of different loan options, but according to the federal reserve, the contract rate on 30-year, fixed-rate conventional home mortgage commitments in 1974 were: 01/1974, 8.5402/1974, 8.4603/1974, 8.4104/1974, 8.5805/1974, 8.9706/1974, 9.0907/1974, 9.2808/1974, 9.5909/1974, 9.9610/1974, 9.9811/1974, 9.7912/1974, 9.62 hope this helps and nice luck!
