It seems I keep getting asked “how low are interest rates right now?“, and I keep getting quizzical looks when I respond:
“The lowest they’ve ever been.“ Well, the lowest they’ve been in 30 years. I’m serious.
The Virginia Association of REALTORS put the following graphic together, with information from Freddie Mac:
You can download the whole PDF here – http://www.varealtor.com/LowRates.
Like a lot of you, I find the line “there has never been a better time to buy” a bit insincere, when so much is being made of what’s negative in the housing market. Nevertheless, the truth is that rates are the lowest they’ve been in 30 years, and if it makes sense for YOU then it’s a good time to buy.
This content is published under the Attribution-Noncommercial-Share Alike 3.0 Unported license.
Related posts:
- How Does Inflation Correspond With Interest Rates? If you remember, I mentioned two weeks ago about...
- Federal Reserve and What It Means For Interest Rates Allow me to introduce Brandon Nicely, branch partner in...
- What Do Mortgage Rates Do In The Summer? According to Dan Green of TheMortgageReports.com, they go up....
- How Interest Rates Work Brandon Nicely wants you to know that interest rates...
- Why Do New River Valley Rates Change So Much? Mike: Why was I quoted a rate of 5%...
Related posts brought to you by Yet Another Related Posts Plugin.
