20 year Interest Rate history, How Low can they go? Pretty Color Graphics too!
Below is a great chart of interest rates for the past 20 years. A few things to note:
- If you went back a few more years than shown on this chart, rates were MUCH higher in 1989 I paid 11.25 on my first mortgage!
- Points were very much the norm years ago, so the averages are artificially low
- Updated for the first quarter of 2009 you can see we are a full percent lower than last year!
- Keep in mind that interest rates can fluctuate greatly from one buyer to the next based on credit score, LTV, Loan amount, property type, Purpose of loan Etc...
I thought this would be a great tool for you to use!
Have a great week
Rob
Mortgage Banker
www.RobertRaufHomeLoans.com or my blog: http://activerain.com/blogs/rrauf
(732)223-1630 x102
Since 1987 I have been helping my clients fulfill their dream of home ownership!
Real Estate Mortgage Network
NJ Mortgages, New Jersey Mortgages, Mortgages in NJ, mortgage in New Jersey, Mortgages in New Jersey
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