Can You Guess The Average Mortgage Interest Rate for the Last 20 Years?

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Mortgage and Lending with Stearns NMLS #232164 CA BRE #01380812 BRE 01380812 NMLS 232164

Can You Guess The Average Mortage Interest Rate on a 30 Year Fixed Mortgage for the last 20 years?

 

Question Mark Lady

This may surprise you.  We're not talking about the double digit 1980's, just going back to 1991, yes that's 20 years, how time flies...

 

 

The average interest rate for a 30 year fixed mortgage going back 20 years was 7.44%.


This is good to know and will help you as a buyer determine what things would look like for you if you wait to purchase a home after the 30 year fixed mortgage interest rate has moved.

 

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Rainmaker
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Rebekah Radice
Imagine WOW! Digital Marketing Agency - Burbank, CA
Social Media Marketing, Coaching & Training

I would not have guessed that.  I was going much higher with my guess.  Very good info--thanks for posting.

May 31, 2011 09:35 AM #1
Rainmaker
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Mary Anne S. Daly
Stearns NMLS #232164 CA BRE #01380812 - Mill Valley, CA
Queen of the Loan & Radio Broadcaster

Thanks, Rebekah.  I think this is important for today's buyers to know.  Especially those whose awareness of interest rates started 5 years ago.

Jun 28, 2011 07:00 PM #2
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Rainmaker
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Mary Anne S. Daly

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