30 Years of the 30-Year Mortgage

Lots of people noticing today that for various technical reasons, U.S. 30-year fixed mortgage rates are back to levels last seen when Freddie/Fannie were nationalized. But that said, and as the following figures shows, all the bleating about high rates looks fairly dubious, historically speaking and in nominal terms.

Comments

[BerkeleyBob:]

NAR has consistently reported average house re-sells within a little over 7 years. Any reason to doubt their figures?

2008 Oct 18 04:14 PM

[CLH:]

Interest cycles are long cycles --meaning that interest rates will remain low for many years.

2008 Oct 19 10:21 PM