Mortgage Rates for Arizona. Who would have guessed a year ago people would be complaining that their interest rate is 5%? Even after rates climbed for 2 months before leveling off, rates are still at historic lows. How many times since the 1950's have rates been at a whipping 5%. I'm sure many people on here remember when mortgage rates topped 15, 16 and even 17% in the 1980's
Let's look at some examples of today's mortgage rates with no discount or orig
Conv 30 yr - 4.875% - 5.250%
Conv 15 yr 4.375% - 4.625%
FHA 30 yr 4.750% - 5.125%
FHA 15 yr 4.250% - 4.500%
5/1 ARM avg - 3.750%
I'd say we're still doing ok!
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