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BUYING CA REAL ESTATE WITH THE BENEFIT OF TODAY’S INTEREST RATE

By
Real Estate Broker/Owner with Climb Real Estate Group

Interest Rates: A History infographicI

The California Association of Realtors (CAR) recently reported average
interest rates for 30-year fixed-rate mortgages over the past few
decades. Low interest rates are now at historical levels.  In fact,
interest rates are at an all-time historic low as opposed to the
interest rates in October 1981 had the highest interest rates of
18.45%.  Current interest rate from Chase and Opes Advisors are now
being quoted as low as 3.47%.  If you had any doubts that now is a
good time to buy, it is clear that the cost of money is very
inexpensive.

For more information, please contact one of our in-house
lenders or a real estate professional like Melody Hultgren at
415.601.6915 or melody@climbsf.com.

Show All Comments Sort:
Paul Campbell Realtor Lexington
Rector Hayden, Lexington, Ky - Lexington, KY
Kentucky Homes for Sale

Mark,

You are so right!  I remember those 18 percent interest rates.  Yes, I am older but also better!  LOL

I only wish we could somehow get buyers to understand how unusual these times are.  Have a wonderful Thanksgiving.  Paul

Nov 19, 2012 03:32 AM