Chart of mortgage interest rates for the last 20 years

This post was published 8 years ago. Please, read this page keeping in mind that this home may have sold by now. You can always check current status by calling or texting (530) 356 4500 The Address Realty DRE # 01710206

20 years of rates -Click to enlarge

Mortgage Banker Pete Metz of Megastar sent over this interesting interest chart that shows rates over the last 20 years for a 30 year fixed loan. Obviously, current rates are at historic lows. That will save you much over the term. Click to enlarge.

Even if real estate prices continue to decline, if interest rates increase, your savings will vanish. If you are thinking of purchasing a home, you may want to consider doing so now while there are good choices of inventory, and location, and rates.

We like Pete. Give him a call.

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