Health & Fitness
Interest Rates: A History
California Association of Realtors pictorial shows September 2012 having one of the lowest interest rates in recent history at 3.47 percent.
The California Association of Realtors just published this pictorial showing the history of interest rates over the last four decades.
I never thought we would see interest rates at 3.5 percent. Did you?
The chart says that with interest rates at an all-time historic low, it's easy to get complacent and take them for granted.
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It then states that a look back can only remind us of how good we have it now!
It shows average interest rates for 30-year fixed-rate mortgages by decade being at 12.7 percent, 8.1 percent, 6.3 percent and 4.69 percent in the 1980s, 1990s, 2000s and 2010, respectively.
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The illustration then indicates the 2011 interest rate for such loans was 4.45 percent and then the lowest recorded number in September of 2012 at 3.47 percent.
The highest was recorded in October of 1981 at 18.45 percent. The information in the pictorial came from the Freddie Mac Primary Mortgage Market Survey.
Are you able to take advantage of the low interest rates at this time?