Below are 2 charts showing a LONG history of interest rates. 

• The most recent history shows the past 20 years with an average interest rate on a 30 year fixed of 7.47%. The average over the past 40 years is 9.47%.
• The second chart is the 200 year history of Long-Term US Government securities,(prior to 40 years ago there was no consistent means of tracking Mortgage rates since there was no trading of MBS. The only true interest rate data available is from Uncle Sam.)

These charts pretty clearly show how good we have it right now and what a great opportunity it is for buyers in today's market. Even with the bump up in rates in the past few months we are still in the low 5's for a highly qualified borrower. The combination of historically low rates and low prices have made buying a home more affordable than it has been in years.

These are two pieces I put together for my business partners, unfortunately the conversion from a PDF to a JPG killed the quality. If you would like to see the clear and pretty versions I can email you the PDF, just shoot me an email at: RRauf@remn.com and I would be happy to send it to you.

Have a great week.

Rob

Robert Rauf

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!

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