An INTEREST ing Rate Chart from 1972 to 2010

 Here is a chart showing the history of interest rates since 1972. They are currently the best they will most likely be especially since, come March 31st the government’s program to buy mortgage backed securities will be ending and all economists are predicting rates to go up after that. With the rates where they are and home prices being held down and with the IRS’s tax credits expiring APRIL 30th (for written contracts to close by July 1st), there is little time to spare to find a home! Use our search function to see what might be of interest to you and then email us or call us to assist you in your search. Chart provided courtesy of John Tyrrell of Chapel Hill NC.   Click on "Read More" below to see graph showing rates from 1972 to present...

 

Fixed rate mortgages from 1972 annually through 2009.  Current rates are still running just at or below 5% for many fixed rate loans!   In 1972 rates were a little over 7%, climbed to a high of 18 to 19% and then started on the decline with a few ups ad downs until they recently hit below 5%!

 

 

 

 

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