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: