Fixed mortgage rates - 1935 to today
Posted: Wed May 09, 2007 10:22 pmCheck it out. I guess I kind of knew this, but it is interesting to see the history. From 1935-1992 the basis is VHA rates. In 1992 they discontinued set prices for those, so the source is CFC.
So since 2001, we're at a pretty close to a historical low - which would drive prices up in any case. Then you add zero-down, ARM, neg-am etc etc etc and you are pouring fuel on the fire.
So since 2001, we're at a pretty close to a historical low - which would drive prices up in any case. Then you add zero-down, ARM, neg-am etc etc etc and you are pouring fuel on the fire.