In 1984, interest rates were 14%, and the market was much different than it is today. I've attached a chart ( courtesy of Mortgage X.com) that displays rates over the past 37 years, because it really helps to put our current market into perspective. I'd also like to share some insights that were posted on a mortgage banking blog that I follow, which I found very interesting!
Out of the past 442 months, which dates back to the beginning of 1971 or almost 37 years, there have only been 69 months where the average 30 Year Fixed Mortgage has been offered at less … (0 comments)
A current update of the Williamsburg and Hampton Roads VA Real Estate Market where I will post news of sales data, neighborhood information, statistics, new home construction data and announcements
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