San Francisco Real Estate: A Brief History of the 30-Year Fixed Rate Mortgage

Real Estate Realities:

…Tales from the front line of buying and selling San Francisco real estate

iStock 000006922027XSmall1 300x198 San Francisco Real Estate: A Brief History of the 30 Year Fixed Rate Mortgage

Bay Area Mortgage Rates

Last year was an amazing year for mortgage rates. This year is even better. Of course, this means a continuing sluggish national economy but locally, the market is stable and improving. Hey, it’s true! Ask you techie friends?

Check out the average interest rate on a conforming 30 year fixed interest rate home loan over the past 3+ decades.

1981 = 18.45%

1991 = 9%

2001 = 7%

October 2010 = 4.25%

November 2011 = 4%

2012 = ?

Q: Who should act in today’s housing market?

A: First time buyers…with stable employment, “trade-up” or “trade-out” buyers (buyers who are also sellers), and financially distressed homeowners who need to lower their overhead.

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About the collective

We are a collective of highly experienced, full-time real estate agents, founded by DanielleLazier, who believe that real estate is not just about square footage. It's about how you live inside & outside of your home. We are skilled consultants, down-to-earth educators, fierce negotiators and organized project managers. Our top priority when we work with a client is to provide a 5 star experience delivering the best results possible.