30 Year Fixed Rates – Lowest in 30 Years!

By on December 26 2011 posted in Buyer Resources, Financing with Comments Off on 30 Year Fixed Rates – Lowest in 30 Years!

Check out this graph that shows 30-year fixed rate mortgage rates over the last 30 years.  We have been on a cycle of lower and lower rates since the late 1970’s.  The average rate for the past 30 years = 8.74%.  Today’s rates are hovering around the low to mid-4’s.  This is a great opportunity for buyers and investors to get into the housing market.

 

Click on the link below to see the graph:

Interest Rates

 

 

 

– Source: Freddie Mac.  Information deemed reliable but not guaranteed.  Check with a mortgage professional for qualifying requirements and specific rate details.

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