Freddie Mac publishes this on their website. Rate tables going back to 1971.
Highest year and month – July 1981 16.83%
Lowest year and month – November and December 2012 3.35%
Average over the past decade – just 5.6%.
That’s a photo of my kitchen, looking as it did circa 1972 with it’s cocoa two-tone Hotpoint appliances, goldenrod wallpaper and nasty green linoleum. Great era for style, huh? Rates were 7.4% in the month of July 1972.
Anyone fretting over a rise in rates recently needs to study history and feel a whole lot better about this week’s 4.51%…