Check out this graph below which accurately depicts the trend of 30 year fixed-rate mortgages in the US over the past thirty years. In 1981 the average home buyer locking in a mortgage received an average interest rate of 16.63%. Over the past 2 weeks, we have seen rates go down as low as 3.75%. The average interest rate over the 30 year time span was right at 8.74%. If you are on the fence about purchasing, this chart should convince you that buying a home has really never been more affordable.
To browse available homes in your area visit WheatonHomes4Sale.com and begin your property search today. Want to learn how to get started in taking advantage of these rock bottom interest rates? Email Katie Oakes at KatieOakes@KW.com .
Real estate based blog provided by The Champagne Realty Group focusing on providing accurate information on the local Wheaton and Glen Ellyn housing market. Visit WheatonHomes4Sale.com for more in-depth analysis of our local real estate market and to view all homes for sale in your area. Stop by TheChampagneRealtyGroup.com to learn more about our team. Email KatieOakes@KW.com for more information or to setup an appointment with our team to discuss buying, selling or investing in real estate!
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