Interest Rates are the Lowest in History

Percent Symbols - Best Percentage Growth or In...

Percent Symbols – Best Percentage Growth or Interest Rate (Photo credit: s_falkow)

When I hear people complain about interest rates being so high I wonder how low people expect interest rates to go before they realize they are seeing the lowest interest rates in history.

I remember when I looked at purchasing my first house, interest rates were 17%. I didn’t think it was outrageous. That’s what interest rates were in the late 1970’s. Now, interest rates are at an all time low, hovering around 4.5% on a fixed rate loan. I never dreamed interest rates would get so low and stay that way for years on end.

To put it all in perspective, take a look at the chart released by the California Association of REALTORS® from a Freddie Mac Primary Mortgage Market Survey. If you are thinking about refinancing your current mortgage or buying a house or property, now is as good a time as any. I, for one, can not imagine interest rates being any lower. And, think about it – even if they were to go lower, even at 4.5%, you still get a good rate. We can’t have everything, but I’d take a 4.5% interest rate loan any day. And, if some day the interest rates should go lower, well I got mine, and I’m happy for the lucky person who is able to get a rate so low.

History of Interest RatesChart used by permission of the California Association of REALTORS.


About marlenebertrand

Marlene is a professional real estate broker and journalist who writes helpful home and lifestyle articles. Marlene believes a simple life is the best life and satisfaction in life comes from being spiritually aware of others and the environment in which we live.
This entry was posted in Banks, Interest Rates, Lenders, Loans, Mortgage and tagged , , , , , , . Bookmark the permalink.

1 Response to Interest Rates are the Lowest in History

  1. A Formula for Calculating Monthly Repayments
    on a Mortgage. Sources: AARP; HUD FHA Reverse Mortgages for Seniors (HECM).

    There is another way predatory mortgage lenders take advantage
    of borrowers; bad lenders structure their loan terms to
    make it difficult for homeowners to keep up with
    their payments.


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