Friday, October 7, 2016

Mortgage Rates by Decade

Mortgage Rates by Decade Compared to Today [INFOGRAPHIC]. It is an interesting look back in time, but if history really does repeat, are we looking for similar rates hikes in the future? Personally, I am amazed that rates have stayed this low this long. Back in the 80's we were actively pursuing the purchase of a 10 unit apartment building. Rates were high but we figured a 5 year balloon would allow time for appreciation and hopefully lower finance rates. For sure, it was a calculated yet high risk. As it happened rates got even worse. as a matter of fact, rates went to 18% (sound like a credit card rate today?). We walked away from the deal. Read more about the rates by decade