Well they are, but here is an interesting chart from a friend at Peoples Bank (Darel Ansley who blogs here) that shows a very interesting perspective on rates... take a look.
By current standards rates are low... but they have been lower... in the late 40's to about 1950 they were lower and helped fuel the growth that was to come later on. Also i remember doing mortgages during the 80's when the rate spiked... water cooler conversation was "gee if rates would just get back down to 12% we could really do some business"... and we did
Throughout all of this we adjust. Regardles of rates and economy there are always people that need to buy and sell... our job is to take care of them!
Comments(5)