The History of Interest Rates (and Why You Should Care)!! :-)

May3


“Why Should I Care” – Diana Krall

 

These are some very revealing and interesting historical statistics on mortgage interest rates.  If nothing else dire happens in our very small one-world economy to “rock the boat”, we may look back and see that this is the time span when the market (at least in Portland, Oregon) really began to repair itself.  I know we have a ways to go in completing our economic recovery and regaining some of our lost equity in housing but our local housing market is definitely changing!  We have a shortage of good inventory and a resurgence  of buying interest and the combination will inevitably affect the pricing of homes.  These are all positive signs for our local economy and local attitude (now, if we could just get some sunshine!!!).  These are also signs that is you are thinking of making a move or a purchase or have a higher than current market interest rate, you might want to consider refinancing or making your new housing dreams a reality sooner rather than later.

Click Here for the 30 Year FHLMC Rates On 30-Year Fixed-Rate Mortgage Chart

Click Here for the 200 Year Historical Rates On 30-Year Fixed-Rate Mortgage Chart

Click Here for the Rent vs. Buy Index Chart

About the Author | Janeese Jackson

My job is service...service to you and your real estate transactions! How can you benefit from my 25+ years of experience and expertise? What can I offer to make the process more productive? * Current information on available housing...comparative and competitive market pricing and analysis * Daily involvement in the local real estate marketplace * Thorough, comprehensive knowledge reflecting years of helping others complete their real estate business * Extensive network of professional resources to make the process as smooth as possible My commitment is to you! Being available to you...returning your calls...answering your questions...addressing your concerns...respecting your money...matching your timeline...meeting your expectations...helping accomplish your real estate goals!!

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