The fellow citing his 21% mortgage said “mid-80s”. That would be more like very early (Carter) 80s, as in 1979-early 1981. The respondent used 1985 (post-Reagan reelection) and got a bad number off of it. Even with the difference, the Shat comes through again.
I got a VA mortgage in 1985 at 12.5% and was grateful to get it.