Mortgage interest rates still near historic lows

In a recent blog post, “Mortgage Rates: Still the Deal of the Century”, Freddie Mac shares this graphic illustrating just how low mortgage rates currently are. Obviously I thought this was too good not to share with my readers too.

Freddie_Mac_Deal_of_the_Century

Freddie Mac has been keeping track of conforming mortgage rates for the last 44 years…not quite a “century” as their blog post sort of implies 😉  From Freddie’s blog post:

Over the past few years, we’ve enjoyed a long run of historically low mortgage rates. While no one expects them to change dramatically overnight, they are expected to head up. Most experts agree that mortgage rates will drift up in the coming months to end the year approaching 4.50%.

Bottom line, if you’ve been considering refinancing your home or buying a new one, this is a good time to obtain a mortgage and lock in a very low interest rate. If you are buying or refinancing a home located anywhere in Washington state, I am happy to help you! Click here if I can provide you with a detailed mortgage rate quote for your personal scenario.

Comments

  1. It’s interesting to break that data apart. It’s been over 30 years since the all-time high, in 1981. And that high was three times higher than the all-time low. Thanks for linking to the rest of Freddie’s post.

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