“Happy Halloween-Are Interest Rates Scaring You?”
Posted by Roxanne DeBerry on
Be informed and maybe they won’t be! The answer to the interest rate question can be found by looking at how high 30-year fixed rate mortgages rates were in any one particular year. Our team looks at data like this and keeps track of the history of the 30-year fixed high points of each year that was has been recorded since in 1971.
What years had the highest interest rate in a particular month in the 3% range? 2012, 2020, 2021, and 2022. How many years had a month where the highest interest rate range was 4 to 5%? From 2009 (with the exception of 2012) all the way to 2019 had a month or more where interest rates were in the 4 to 5 percent range. Combined that is 10 years.
Overall, when we look at all the years from 1971 to 2022, there were 31 of…
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