Just received this telling (and colorful) chart from one of my colleagues in the lending arena. The chart show average interest rates on 30-year fixed Freddie Mac mortgages over the past thirty years.
We constantly hear about “historical lows” with regards to interest rates in the media. This chart lends some nice perspective.
Thank you to Cheryl Dresen, a Sr. Loan Officer at PrimeLending, for providing this chart and her continued support of the Reno Realty Blog.