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Interest Rate History for 20 years and 200 years, pretty color charts and all.

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.

20 year

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!

Real Estate Mortgage Network

NJ Mortgages, New Jersey Mortgages, Mortgages in NJ, mortgage in New Jersey, Mortgages in New Jersey

Posted by Robert Rauf on 08/18/2009 09:59 AM

Comments (10)

interest rate history, interest rates, mortgage rates, robert rauf, robertraufhomeloanscom

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10 Comments on Interest Rate History for 20 years and 200 years, pretty color charts and all.

AUG

If you would like to see the pretty PDF version of these charts please email me and I would be happy to send them to you. RRauf@remn.com

Rob - I would love to re-blog you (this will be my first re-blog). Can you send me the charts. They look good and what a great message.

On another note, what site did you download the data? I'd like to get the numbers for FHA.

Hi Donne, please feel free to re blog!

I will email you the charts. I get them internally from my company. The only reliable data for mortgages is the FHLMC net yield, you know the one that comes out every thursday that is old news and makes our phones ring? It includes points etc and is a national average, so it is not perfect, but it is good enough. GNMA's are so close that I would venture to guess that you would not see a difference in a yearly average hunting for FHA vs Conv. we only see daily or weekly differences in Ginnies vs Fannies and 95% of the time they are so darn close it just doesnt matter.

Rob - Good enough for me and thx for the charts; I appreciate it.

You are welcome!

Good charts! You are right, these are pretty darn good times!

I am glad you liked them Carol, some times it is important to take a step back and look at the big picture!

AUG

Wouldn't it be nice to have a few government bonds from 1980? Interesting to see how we owe more now, yet interest rates have gone down. What do you think that will do to the dollar?

Brian, I started in the Mortgage business back in 1987, I remember the double digit rates well! Some of the 'borrowing' uncle sam has done is refinancing. The fed has been a big buyer of treasuries which in effect is refinancing at lower rates. The lower rates, the weaker the dollar, that has always been true. so as rates go back up we will see strength in the dollar.

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