Historically Still Great

Interest rates hovered around 4% for the majority of 2017, which gave many buyers relief from rising home prices and helped with affordability. Since January, rates have increased from 3.95% up to 4.95% and experts predict that rates will increase even more by the end of the year.

Let’s take a look at a historical view of interest rates over the last 45 years.

Bottom Line

You can still get a better interest rate than your older brother or sister did ten years ago, a lower rate than your parents did twenty years ago, and a better rate than your grandparents did forty years ago.