The History of Interest Rates

Hearing a client’s gasp this morning who hasn’t applied for a mortgage in awhile reminded me of how incredible these interest rates really are, so I thought I’d¬†share with you this graph depicting the¬†history of 30 year fixed rate loans for the last 40 years. Stocks are retreating after a few days of record-high closes, sending cash back into Bonds and stabilizing interest rates.