Where are interet rates going…

People are getting excited because interest rates have gone from 3.5 to 4.5 on a 30 year fixed mortgage.

Before you overreact remember 6% was a GREAT rate a few years ago

look at this chart of rates since the 70’s

interst rate chart

The general trajectory is still down…

Read more here:

http://www.chartoftheday.com/20130710.htm

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s