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What's the Rate? A History of Fixed Rates since 1971

By
Mortgage and Lending with Mortgage Magic

Seems that many are getting excited because the Fed's have raised the rates four times this year (2018). Rates go way up and way down but we continue to fund mortgage loans and people continue to buy houses. The video shows may history of buying mostly at times rates were very high. Fixed rates have ranged from 3.31  to  18.63.  The rate is the rate - I still write loans if the rate is 4% or 15% (That's my job)

 

Doug Jones nmls 286668  Cal BRE 00979517