Blogging Broker

Before I post the interest rates going back to 1971 I want to say that in 1988 when I bought my home I paid around 10.5 – 11.%.  Today the rates are half that — but am I in better shape?  Is America in better shape today than it was 20 years ago?  I think not.  In my opinion its far better to have an interest rate that rewards savers and those on fixed incomes like the rate I paid 20 years ago than today’s discounted rates which have dipped under 5%.

Why?

Because today’s low rates simply reflect the dismal state of our economy.  Its far better to have 10% rates and stable employment then 5% rates with the economy collapsing from sea to shining sea.

Here are the RATES taken from the Federal Reserve Website:

 Instrument,”Conventional mortgages”
Maturity,”Not applicable”
Frequency,”Monthly”
Description,”CONTRACT RATE ON 30-YEAR, FIXED-RATE CONVENTIONAL HOME MORTGAGE COMMITMENTS”
Note,”Contract interest rates on commitments for fixed-rate first mortgages. Source: Primary Mortgage Market   Survey® data provided by Freddie Mac.”

DATE      , MORTGNA
04/1971, 7.31
05/1971, 7.43
06/1971, 7.53
07/1971, 7.60
08/1971, 7.70
09/1971, 7.69
10/1971, 7.63
11/1971, 7.55
12/1971, 7.48
01/1972, 7.44
02/1972, 7.33
03/1972, 7.30
04/1972, 7.29
05/1972, 7.37
06/1972, 7.37
07/1972, 7.40
08/1972, 7.40
09/1972, 7.42
10/1972, 7.42
11/1972, 7.43
12/1972, 7.44
01/1973, 7.44
02/1973, 7.44
03/1973, 7.46
04/1973, 7.54
05/1973, 7.65
06/1973, 7.73
07/1973, 8.05
08/1973, 8.50
09/1973, 8.82
10/1973, 8.77
11/1973, 8.58
12/1973, 8.54
01/1974, 8.54
02/1974, 8.46
03/1974, 8.41
04/1974, 8.58
05/1974, 8.97
06/1974, 9.09
07/1974, 9.28
08/1974, 9.59
09/1974, 9.96
10/1974, 9.98
11/1974, 9.79
12/1974, 9.62
01/1975, 9.43
02/1975, 9.11
03/1975, 8.90
04/1975, 8.82
05/1975, 8.91
06/1975, 8.89
07/1975, 8.89
08/1975, 8.94
09/1975, 9.13
10/1975, 9.22
11/1975, 9.15
12/1975, 9.10
01/1976, 9.02
02/1976, 8.81
03/1976, 8.76
04/1976, 8.73
05/1976, 8.77
06/1976, 8.85
07/1976, 8.93
08/1976, 9.00
09/1976, 8.98
10/1976, 8.93
11/1976, 8.81
12/1976, 8.79
01/1977, 8.72
02/1977, 8.67
03/1977, 8.69
04/1977, 8.75
05/1977, 8.82
06/1977, 8.86
07/1977, 8.94
08/1977, 8.94
09/1977, 8.90
10/1977, 8.92
11/1977, 8.92
12/1977, 8.96
01/1978, 9.02
02/1978, 9.16
03/1978, 9.20
04/1978, 9.36
05/1978, 9.58
06/1978, 9.71
07/1978, 9.74
08/1978, 9.79
09/1978, 9.76
10/1978, 9.86
11/1978, 10.11
12/1978, 10.35
01/1979, 10.39
02/1979, 10.41
03/1979, 10.43
04/1979, 10.50
05/1979, 10.69
06/1979, 11.04
07/1979, 11.09
08/1979, 11.09
09/1979, 11.30
10/1979, 11.64
11/1979, 12.83
12/1979, 12.90
01/1980, 12.88
02/1980, 13.04
03/1980, 15.28
04/1980, 16.33
05/1980, 14.26
06/1980, 12.71
07/1980, 12.19
08/1980, 12.56
09/1980, 13.20
10/1980, 13.79
11/1980, 14.21
12/1980, 14.79
01/1981, 14.90
02/1981, 15.13
03/1981, 15.40
04/1981, 15.58
05/1981, 16.40
06/1981, 16.70
07/1981, 16.83
08/1981, 17.29
09/1981, 18.16
10/1981, 18.45
11/1981, 17.83
12/1981, 16.92
01/1982, 17.40
02/1982, 17.60
03/1982, 17.16
04/1982, 16.89
05/1982, 16.68
06/1982, 16.70
07/1982, 16.82
08/1982, 16.27
09/1982, 15.43
10/1982, 14.61
11/1982, 13.83
12/1982, 13.62
01/1983, 13.25
02/1983, 13.04
03/1983, 12.80
04/1983, 12.78
05/1983, 12.63
06/1983, 12.87
07/1983, 13.42
08/1983, 13.81
09/1983, 13.73
10/1983, 13.54
11/1983, 13.44
12/1983, 13.42
01/1984, 13.37
02/1984, 13.23
03/1984, 13.39
04/1984, 13.65
05/1984, 13.94
06/1984, 14.42
07/1984, 14.67
08/1984, 14.47
09/1984, 14.35
10/1984, 14.13
11/1984, 13.64
12/1984, 13.18
01/1985, 13.08
02/1985, 12.92
03/1985, 13.17
04/1985, 13.20
05/1985, 12.91
06/1985, 12.22
07/1985, 12.03
08/1985, 12.19
09/1985, 12.19
10/1985, 12.14
11/1985, 11.78
12/1985, 11.26
01/1986, 10.88
02/1986, 10.71
03/1986, 10.08
04/1986, 9.94
05/1986, 10.14
06/1986, 10.68
07/1986, 10.51
08/1986, 10.20
09/1986, 10.01
10/1986, 9.97
11/1986, 9.70
12/1986, 9.31
01/1987, 9.20
02/1987, 9.08
03/1987, 9.04
04/1987, 9.83
05/1987, 10.60
06/1987, 10.54
07/1987, 10.28
08/1987, 10.33
09/1987, 10.89
10/1987, 11.26
11/1987, 10.65
12/1987, 10.65
01/1988, 10.43
02/1988, 9.89
03/1988, 9.93
04/1988, 10.20
05/1988, 10.46
06/1988, 10.46
07/1988, 10.43
08/1988, 10.60
09/1988, 10.48
10/1988, 10.30
11/1988, 10.27
12/1988, 10.61
01/1989, 10.73
02/1989, 10.65
03/1989, 11.03
04/1989, 11.05
05/1989, 10.77
06/1989, 10.20
07/1989, 9.88
08/1989, 9.99
09/1989, 10.13
10/1989, 9.95
11/1989, 9.77
12/1989, 9.74
01/1990, 9.90
02/1990, 10.20
03/1990, 10.27
04/1990, 10.37
05/1990, 10.48
06/1990, 10.16
07/1990, 10.04
08/1990, 10.10
09/1990, 10.18
10/1990, 10.18
11/1990, 10.01
12/1990, 9.67
01/1991, 9.64
02/1991, 9.37
03/1991, 9.50
04/1991, 9.49
05/1991, 9.47
06/1991, 9.62
07/1991, 9.58
08/1991, 9.24
09/1991, 9.01
10/1991, 8.86
11/1991, 8.71
12/1991, 8.50
01/1992, 8.43
02/1992, 8.76
03/1992, 8.94
04/1992, 8.85
05/1992, 8.67
06/1992, 8.51
07/1992, 8.13
08/1992, 7.98
09/1992, 7.92
10/1992, 8.09
11/1992, 8.31
12/1992, 8.22
01/1993, 8.02
02/1993, 7.68
03/1993, 7.50
04/1993, 7.47
05/1993, 7.47
06/1993, 7.42
07/1993, 7.21
08/1993, 7.11
09/1993, 6.92
10/1993, 6.83
11/1993, 7.16
12/1993, 7.17
01/1994, 7.06
02/1994, 7.15
03/1994, 7.68
04/1994, 8.32
05/1994, 8.60
06/1994, 8.40
07/1994, 8.61
08/1994, 8.51
09/1994, 8.64
10/1994, 8.93
11/1994, 9.17
12/1994, 9.20
01/1995, 9.15
02/1995, 8.83
03/1995, 8.46
04/1995, 8.32
05/1995, 7.96
06/1995, 7.57
07/1995, 7.61
08/1995, 7.86
09/1995, 7.64
10/1995, 7.48
11/1995, 7.38
12/1995, 7.20
01/1996, 7.03
02/1996, 7.08
03/1996, 7.62
04/1996, 7.93
05/1996, 8.07
06/1996, 8.32
07/1996, 8.25
08/1996, 8.00
09/1996, 8.23
10/1996, 7.92
11/1996, 7.62
12/1996, 7.60
01/1997, 7.82
02/1997, 7.65
03/1997, 7.90
04/1997, 8.14
05/1997, 7.94
06/1997, 7.69
07/1997, 7.50
08/1997, 7.48
09/1997, 7.43
10/1997, 7.29
11/1997, 7.21
12/1997, 7.10
01/1998, 6.99
02/1998, 7.04
03/1998, 7.13
04/1998, 7.14
05/1998, 7.14
06/1998, 7.00
07/1998, 6.95
08/1998, 6.92
09/1998, 6.72
10/1998, 6.71
11/1998, 6.87
12/1998, 6.72
01/1999, 6.79
02/1999, 6.81
03/1999, 7.04
04/1999, 6.92
05/1999, 7.15
06/1999, 7.55
07/1999, 7.63
08/1999, 7.94
09/1999, 7.82
10/1999, 7.85
11/1999, 7.74
12/1999, 7.91
01/2000, 8.21
02/2000, 8.33
03/2000, 8.24
04/2000, 8.15
05/2000, 8.52
06/2000, 8.29
07/2000, 8.15
08/2000, 8.03
09/2000, 7.91
10/2000, 7.80
11/2000, 7.75
12/2000, 7.38
01/2001, 7.03
02/2001, 7.05
03/2001, 6.95
04/2001, 7.08
05/2001, 7.15
06/2001, 7.16
07/2001, 7.13
08/2001, 6.95
09/2001, 6.82
10/2001, 6.62
11/2001, 6.66
12/2001, 7.07
01/2002, 7.00
02/2002, 6.89
03/2002, 7.01
04/2002, 6.99
05/2002, 6.81
06/2002, 6.65
07/2002, 6.49
08/2002, 6.29
09/2002, 6.09
10/2002, 6.11
11/2002, 6.07
12/2002, 6.05
01/2003, 5.92
02/2003, 5.84
03/2003, 5.75
04/2003, 5.81
05/2003, 5.48
06/2003, 5.23
07/2003, 5.63
08/2003, 6.26
09/2003, 6.15
10/2003, 5.95
11/2003, 5.93
12/2003, 5.88
01/2004, 5.74
02/2004, 5.64
03/2004, 5.45
04/2004, 5.83
05/2004, 6.27
06/2004, 6.29
07/2004, 6.06
08/2004, 5.87
09/2004, 5.75
10/2004, 5.72
11/2004, 5.73
12/2004, 5.75
01/2005, 5.71
02/2005, 5.63
03/2005, 5.93
04/2005, 5.86
05/2005, 5.72
06/2005, 5.58
07/2005, 5.70
08/2005, 5.82
09/2005, 5.77
10/2005, 6.07
11/2005, 6.33
12/2005, 6.27
01/2006, 6.15
02/2006, 6.25
03/2006, 6.32
04/2006, 6.51
05/2006, 6.60
06/2006, 6.68
07/2006, 6.76
08/2006, 6.52
09/2006, 6.40
10/2006, 6.36
11/2006, 6.24
12/2006, 6.14
01/2007, 6.22
02/2007, 6.29
03/2007, 6.16
04/2007, 6.18
05/2007, 6.26
06/2007, 6.66
07/2007, 6.70
08/2007, 6.57
09/2007, 6.38
10/2007, 6.38
11/2007, 6.21
12/2007, 6.10
01/2008, 5.76
02/2008, 5.92
03/2008, 5.97
04/2008, 5.92
05/2008, 6.04
06/2008, 6.32
07/2008, 6.43
08/2008, 6.48
09/2008, 6.04
10/2008, 6.20
11/2008, 6.09
12/2008, 5.33

If you would like to take advantage of Today’s low rates – call me @ 559-301-1647

		Direct: Fax:		559.301.1647 559.438.7475
1319 W Bullard #4 — Fresno CA — 93711
© Randy “Lazarus” McAtee