I was curious to see just how low mortgage rates are now in a historical perspective. What were interest rates like over the last 100 plus years?
The Freddie Mac data only goes back to 1971, But doing a little searching I came up with the book A History of Interest Rates which had a nice table with the Manhattan/HUD mortgage index going back to 1900.
I combined both data sets and created a chart.
These are indeed historic times when it comes to mortgage interest rates. Mortgage rates going back over 100 years, until recently, have never touched 4% or below.
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