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Mortgage rates remain at historic lows

Interest Rates At Historic Lows

Sometimes we get all caught up in the daily or weekly fluctuations in mortgage interest rates and don't step back and look at it in the historical sense.  If there is any doubt as to whether this is a good time to buy a home, take a look at the chart below.  WOW!  How many out there remember trying to get a mortgage when rates were pushing up toward 18%?  Unfortunately I do, shhhhh!

The chart was created from historical data published by Freddie Mac.

Absorption Rate Chart (right click and select

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Richard Dolbeare, REALTOR-ASSOCIATE

Richard Dolbeare
REALTOR-ASSOCIATE®
Accredited Buyer Representative & e-PRO
Century 21 All Islands, the #1 brokerage on Kauai
(808) 651-4550
(866) 757-8239 (FAX)

Richard T. Dolbeare, R(B) photo

 

Richard T. Dolbeare, R(B)

Keller Williams Realty(808) 651-4550

Aloha@RichardDolbeare.com 

www.MauiSandCastles.com and www.KauaiRocks.com 

 Hawaii multi-island specialist, Maui & Kauai
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Comment balloon 4 commentsRichard T. Dolbeare • March 29 2008 05:40PM
Mortgage rates remain at historic lows
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