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Could we be at cycle low for interest rates?

By
Mortgage and Lending with Guild Mortgage - NMLS ID #3274 NMLSR ID # 644428

Looking at the following chart, you will see a great 60 year cycle.  If this holds true from this point forwrd,  we are looking at higher rates from this point forward.  Not that this is a surprise given how low we are now.  This chart though, maybe a tool to show those who don't understand where we are in a historical sense.

 

Posted by

Michael Cantwell

Licensed Mortgage Banker in Florida

My website - www.MichaelCantwellTeam.com

My Mobile # 561-262-5366

Loan Officer - NMLS: 644428
Guild Mortgage NMLS: 3274
Guild Mortgage is an Equal Housing Lender – This is not a commitment to lend.
www.MichaelCantwellTeam.com
           

Comments(3)

Jeff Craig
Hang Me Up Photos - Jamestown, NC
Greensboro Area Real Estate Photography

I do believe we are at the lowest they will go.  Very interesting to see the chart.

Sep 02, 2010 06:56 AM
Michael Langhals
Wright Realty - Windsor, CA

Great chart... nice to see it black and white.

Sep 02, 2010 07:35 AM
Michael Cantwell
Guild Mortgage - NMLS ID #3274 - Jupiter, FL
Homes For Wealth

Jeff,

 

Thanks for comments!  We did tick up this week but I don't think it is the start of anything big for now.

 

Mike

Sep 05, 2010 01:10 PM