As if you needed another reason to get off your tush and buy a home in San Francisco... here's a brief history of the 30 year fixed rate mortgage or home loan. Average and approximate interest rates on the 30-year fixed rate home loan*: 1981 = 18.45% (Holy crap.) 1991 = 9% 2001 = 7% October 2010 = 3.875% (with 1 point) or 4.25% without October 2011 = ? Will interest rates be lower or higher next October? Check back next year and find out, but here's a sure bet: interest rates … [Read more...]





