Comments on: 30 Year Mortgage Rate Trend & Rate Chasing

By: Patience and Great Marketing in the Slow Times | Real Estate in Richmond Hill, Savannah, Hinesville, and surrounding areas

Fri, 04 Jul 2008 18:47:53 +0000

[...] Depression (extreme, I know), we are still in really good shape. Don’t believe me? Check out Jay’s chart on 30 year mortgage rates - pay particular attention to the late 70’s & earlier [...]

By: Jayson

Jayson — Fri, 18 Jan 2008 21:32:40 +0000

I definitely agree about interest rates not being anything. A friend of mine wants to refinance their home every time they watch the news and never take
the cost of refinancing into consideration. If they don’t plan on staying a while and are going to refinance next time they watch the news they’ll most likely end up losing money on the deal.

By: Historical Mortgage Rate Trend Charts | The Phoenix Real Estate Guy

Historical Mortgage Rate Trend Charts | The Phoenix Real Estate Guy — Fri, 18 Jan 2008 19:23:56 +0000

[...] 30 year mortgage rate monthly trend chart and post that was made here in September of 2006 continues to be one of the most frequented posts on this [...]

By: Mike

Mike — Tue, 01 Jan 2008 21:34:48 +0000

Charts are helpful. There are things that should be considered when looking at charts. An example: looking at the charts movement from 1973 to 1981 there is exceptional movement to the up side. In this period of time OIL was going up radically & AMERICAN workers could demand higher pay to compensate.
From 1981 to 2007 there is big movement to the downside, it would appear, caused by lower wages. 1980 Reagan the signed amnesty for millions of illegals and symbolically busted unions, driving down wages ever since. With PRODUCTIVE jobs going to China & India it seems that wages will not be a problem.
Since oil & wages probably caused interest rates to rise from 1973 to 1981, it beg’s the question, what will happen from here? Using the chart & history as a measure I’d say interest rates will be going down. Low paid labor force equals low interest rates in my estimation. There are other details but not enough space to discuse them.
Thanks for the chart.

By: They might be dropping the Fed Funds rate - so what? | Real Central VA

They might be dropping the Fed Funds rate - so what? | Real Central VA — Wed, 31 Oct 2007 12:53:34 +0000

[...] (thanks, Jay for the graph) October 31, 2007 | Filed Under General Real Estate [...]

By: ccjs-mortgage.completemortgage

ccjs-mortgage.completemortgage — Fri, 07 Sep 2007 16:33:06 +0000

[...] ?striking site now double take this story http://www.phoenixrealestategu.....hasing/127 and give comments [...]

By: Patience and Great Marketing in the "slow" Times

Patience and Great Marketing in the "slow" Times — Mon, 16 Jul 2007 14:20:38 +0000

By: Arizona Mortgage Guru » The 30 Year Mortgage Rate in 2007

Arizona Mortgage Guru » The 30 Year Mortgage Rate in 2007 — Thu, 05 Jul 2007 16:32:35 +0000

[...] historical average mortgage rate is somewhere between 8% and 9%. The Phoenix Real Estate Guy has a great chart here. So with that in mind we see that rates are still pretty low. It is important to understand [...]

By: real estate blogger

real estate blogger — Thu, 05 Jul 2007 04:50:47 +0000

Ask for a good home loan mortgage rate quote first before jumping into any refinancing scheme.

By: Real Central VA - Tracking the Charlottesville and Central VA real estate market and more » You think interest rates are high?

Thu, 14 Sep 2006 01:25:03 +0000

[...] The commoditization of the real estate market looks to be on its last legs. Low rates and the perception/reality of those low rates have driven the market over the past few years. Now that inventory has caught up with the market, true equilibrium may be reached. Graph courtesy of Jay at buygilberthomes. Data courtesy of FreddieMac. I actually downloaded this data weeks ago, but am not the graphical wizard that Jay is. [...]