Real Estate News with Terri Taydus, AHWD, CNA, CRS, GRI

Average Interest Rate Through the Years!

July 16th, 2013 8:11 PM by Taydus Taydus, AHWD, CNE, CRS, GRI

Many Buyers are concerned about interest rates creeping up and it is not uncommon for a Buyer to express concern about the "high" rate of 4.5%.  However if you look at the history of  the "Average Interest Rates" over the years, we are still at a record low!

Rates are still low and it is still a good time to buy!

Take a look at the rates and graph below and suddenly 4.5% is looking pretty good.

- The below informaiton is provided by Joe Taydus of Mutual Security Mortgage in Boulder.  For more information on the current market rates, for home loan informaiton, or to refinance, please give Joe a call. Joe has been a mortgage lender here in Boulder for 20 years and has an excellent reputation for outstanding customer service.  To contact Joe please call (303) 514-1151 or email him at Joe@MutualSecurity.com

AVERAGE INTEREST RATES
  

LAST 10 YEARS                            5.54%

 LAST 20 YEARS                              6.65%

 LAST 30 YEARS                                8.17%

 LAST 40 YEARS                                8.97%

Posted by Taydus Taydus, AHWD, CNE, CRS, GRI on July 16th, 2013 8:11 PM

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