I thought I'd take a look at something more national in scope for Independence Day today, so I pulled the 30-Year Fixed Rate Mortgage interest rate history, by month, going back to 1971, from the Freddie Mac website.
The economics websites keep telling us interest rates are ticking upward and that the Fed is in a rate-hiking cycle, but overall we're sitting in a pretty good interest rate environment. At least compared with the last 47 years...
Happy 4th of July Everybody!
- Chris Butterworth
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* All chart data represents single-family detached homes only. Information is believed accurate but not guaranteed.