Interest Rates: A History [Infographic]

By
Real Estate Broker/Owner with Eagle Ridge Realty / Signature Homes & Estates DRE# 01309169

The California Association of Realtors has done another Infograph and wanted its Realtor members to share it.

Despite the loss of equity over the past few years, many homeowners and new homewoners can take advantage of these historically low interest rates.  In other words, it is a good time to buy a home.  Some people are still sitting on the fence, some are waiting for prices to fall lower, despite the fact that there are many markets that are rebounding.

OCT interest rates

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Topic:
Lending / Financial
Location:
California
Tags:
interest rates

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Rainmaker
1,282,430
Edward & Celia Maddox
The Celtic Connection Realty - Queen Creek, AZ
EXPERIENCE & INTEGRITY - WE TAKE THE HIGH ROAD

Great graph on interest rates to show how fortunate buyers are in the current market.

Oct 23, 2012 12:07 AM #1
Rainmaker
542,687
Richard Daskam
Keller Williams Coastal Properties - Signal Hill, CA
Your Real Estate Consultant

I tried to get that graphic to save-as last night, but couldn't. Congrats on getting it to work!

Oct 23, 2012 12:20 AM #2
Rainmaker
547,728
Rob Spinosa
Guaranteed Rate, Marin County, CA - San Anselmo, CA
Vice President of Mortgage Lending, Marin County

Best part is I had a jumbo-conforming borrower tell me my 3.625% 30-year fixed was too high and that he was going to hold out for better.  Rest assured I'll be using this graphic in the future and when that situation repeats...

Thank you!

Oct 23, 2012 01:08 AM #3
Ambassador
1,503,946
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

My first home I purchased in the late 70's was locked in at around 18%.... Thankful we're seeing historical lows these days!  No reason to rent when one can own a home for the same price or cheaper monthly than renting.

Oct 25, 2012 12:09 PM #4
Rainmaker
788,740
Nancy Frimann
Eagle Ridge Realty/Signature Homes & Estates - Gilroy, CA
California Real Estate Broker

We like the stuff your write.  Keep it up!  Keep your clients informed.

Jun 09, 2017 07:54 AM #5
Rainmaker
788,740
Nancy Frimann
Eagle Ridge Realty/Signature Homes & Estates - Gilroy, CA
California Real Estate Broker

Love your posts.  There is some great local information on your postings.  Thanks.

Sep 22, 2017 09:45 AM #6
Rainmaker
542,476
The Villages Realty
The Villages Realty - San Jose, CA
"Our Performance Will Move You!"

Looking at your older posts.  Informative stuff, keep it up!

Jul 23, 2018 08:04 AM #7
Rainmaker
542,476
The Villages Realty
The Villages Realty - San Jose, CA
"Our Performance Will Move You!"

Really good stuff.  I enjoy reading your posts!  Thank you.

Aug 22, 2018 05:04 AM #8
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Rainmaker
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Gary Frimann, CRS, GRI

REALTOR and Broker
All Real Estate is Local!
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