2015 Buyer Considerations – THE HISTORY OF INTEREST RATES
Since 1975, the interest rate has averaged about 5%.
For the 25 years between 1975 and 2000, the interest rate fluctuated from a low of 7.8% to a high of 18% (1982).
Experts agree that rates are increasing. The big question is
Will 8.5% once again become the norm?
What IS the answer? Secure a mortgage NOW
while interest rates are still cheap!