Mortgage Rates Still Volatile But Still Historically Low

Mortgage Rates Still Volatile But Still Historically Low

Mortgage interest rates remain volatile. They started off in the wrong direction this morning but have recovered and gone slightly positive.

You need to remind your clients that even though interest rates have moved up they still remain at historically low levels.

Here's some of Barry Habib's commentary from this morning:

Rates have gone up of late and it’s certainly disappointing to hear customers respond to your rate quote with “wow that’s high”.  But here’s some perspective to remind your customers:

Here is some history of Median 30-year Fixed Rates:

Past 40 years: 8.15%

Past 30 years: 7.45%

Past 20 years: 6.52%

Past 10 years: 5.72%

Here's today's chart as of 10:50 a.m.

Let me know if you have any questions or need some help. My Appreciation Marketing program is very popular with real estate agents.

Your source for Conventional, FHA and VA loan information. 


My direct line is 240.813.0614. So let me hear from you! Remember...it doesn't cost a penny to talk...so call right now and I will answer all your questions. 


Alan Gross 

Senior Mortgage Consultant 

PrimeLending, A PlainsCapital Company 
704 Quince Orchard Rd., Suite 230 Gaithersburg, MD 20878 
Home Office: 240.813.0614 
Email: agross@primelending.com 
Web: www.mtg-info.net 
Web: www.DCMilitaryVALoans.com 
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