30 Year Mortgage Rates
Mortgage Rate Watching" seems to be a growing sport.
The media reports every rate hike, no matter how insignificant. People
loudly proclaim, "Rates are rising!", "Get out of your ARM now!", "Buy
now before rates go up AGAIN!"But let's put current mortgage rates in perspective. has been gathering data on the 30 year fixed rate since 1971. The 30
year fixed rate is generally considered the "standard" that other loan
types are measured against. Being a former engineering type, I love to look at data. I'm a
chartaholic. So I was compelled to chart the 30 year fixed mortgage rate
over time. Below is the chart. And yes, recently rates have risen. But
compared to historic levels, rates are still remarkably low. You are
free to use it, all I ask is for appropriate credit to
PhoenixRealEstateGuy.com (my blog) be provided.We are a dedicated group of agents here to make your real estate buying
or selling experience enjoyable.Our clients mean everything to us, and
we'd be happy to help you.
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