200 years of Interest Rates - Rates have edged up a bit - Make your move now!
I received this graph from a mortgage lender. They say "a picture is worth a thousand words." This graph gives us a visual of just how low the interest rates have been the past few years. It is easy to get complacent and not know a good deal when we see one.
Interest rates have a strong impact on how much a buyer can afford. When there are less buyers, then the sellers have a harder time selling their home. The good ole SUPPLY/DEMAND rule we learned in high school. Don't wait and miss the wonderfully low interest rates.