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Based upon the last 20 years, are interest rates presently considered high or low? What is the prime rate?
Posted by James on June 21, 2010 in Home Loans | ∞
Shantae G
Based upon the last 20 years, are interest rates presently considered high or low? What is the prime rate?
Wedding Venues Brisbane
Based upon the last 20 years, are interest rates presently considered high or low? What is the prime rate?
Wedding Venues Brisbane
2 Comments
Fear of Driving Review
They are very low, almost historical levels.
So no, don’t get an adjustible rate mortgage, even if they’ll give you a lower initial rate.
Cycle Coach
Historically, rates are still very low. As a matter of fact, they are still low even when comparing out longer than 20 years. If you ask your parents or grandparents, they can tell you that they remember buying homes with mortgage interest rates of 11% or 12% in the 80′s. Credit is also much easier to obtain.
According to Bankrate.com, the current prime rate is 6.00% This is the rate that banks give to their best customers (well, in some cases they give even lower rates)