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 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 = … [Read more...]