Putting Current Mortgage Rates in Perspective!
Article by Brian Smith, Movement Mortgage | June 28, 2014
Here is a good chart to keep handy and share. The all-time record low – since Freddie Mac began tracking mortgage rates in 1971 – was roughly 3.25% in November 2012. Conversely, the all-time record high occurred in October of 1981, hitting 18.63%. That’s more than four times higher than today’s average 30-year fixed rate of 4.25%!
Rates hovering around 4.25% may be higher relative to last year, but buyers should still feel lucky they are getting this rate compared to almost any year since 1971.
Brian Smith, Senior Loan Advisor | Movement Mortgage
firstname.lastname@example.org | Phone: (615)525-8094
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