Marty Sievers

Loan Officer

NMLS: 331126

Looking Back At Interest Rates

Interest rates hovered around 4% for the majority of 2017. Since January interest rates have slowly risen, and experts predict that rates will increase even more through the end of the year. In reality, a interest rate in the mid 4’s to low 5’s is still pretty good! Don’t let the interest rate predictions stop you from purchasing your dream home this year. Let’s take a stroll down interest rate history lane to get some perspective.

Thanks to Freddie Mac, our interest rate history is pretty telling. In the 1970’s the average interest rate was 9.1%. The 80’s brought interest rates that averaged 13.7%. Even as recent as the early 2000’s average interest rates were at 8.1%. The benefits of owning a home including payment stability, potential tax benefits and more often outweigh perceived downsides. And keep in mind, if interest rates drop, you have the option to refinance to capitalize on those savings.

To download a copy of this infographic, click here.


* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.