Lowest Mortgage Rates in History: What This Means for Homeowners & Buyers
Posted by Marta Guerrero
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Mortgage rates have hit an ALL-TIME LOW. But are today’s rates truly a bargain?
Here’s a snapshot of average 30-year fixed mortgage rates over the years:
? 1971: 7.31%
? 1981: 18.63% (all-time high)
? 1991: 9.25%
? 2001: 6.97%
? 2011: 4.45 %
? JULY 16, 2020: 2.98%
(Source: Freddie Mac)
Don’t miss out on what some are calling the “deal of a lifetime.” Contact me to find out how to get the lowest rate on your home purchase or refinance.
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Disclaimer: The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the HRIS.
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