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Elaborating...rates are still historically low
Posted by Lee/AR of AR on 9/21/22 8:36am Msg #642392
I'm old...VA loans in the 60's were 7.5%. From the 70's to very late 90s, rates were 8.5 to 10ish%...except for a horrible time in the mid-80s when they started climbing...eventually getting to 15, 16% (12% was fondly remembered then). 2000ish, they started dropping and the refi boom began. 2004ish+, rates kept going down and people were doing refi's twice a year...and rates were still higher than they are today. Pre-2000, it seemed to be a roughly 10 year cycle from low to high & back to low. Since 2000, rates have been--and still are--historically low.
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Messages in this Thread
 Interest rates and points -  LynnNC on 9/20/22 2:01pm
 This isn't good news, but these rates are still not that bad -  MW/VA on 9/20/22 2:37pm
 Not that bad historically, -  LynnNC on 9/20/22 3:10pm
 It's put me out of biz! ;-( n/m -  MW/VA on 9/20/22 4:36pm
 26 yrs. in R.E. rates never lower than 8 n/m - Lee/AR on 9/20/22 3:41pm
 Re: 26 yrs. in R.E. rates never lower than 8 - Clem/CA on 9/20/22 6:23pm
 Elaborating...rates are still historically low - Lee/AR on 9/21/22 8:36am
 Re: Elaborating...rates are still historically low - PaigeTurner on 9/21/22 9:57am
 Re: Elaborating...rates are still historically "low" - NVLSlady/MD on 9/21/22 11:31am
 Re: Elaborating...rates are still historically "low" - PaigeTurner on 9/22/22 8:40am
 Yep, I remember those years! -  JanetK_CA on 9/20/22 7:17pm
 Agree w/Lee & Janet. -  Yoli/CA on 9/21/22 11:29am
 Re: Agree w/Lee & Janet. -  Cheryl Elliott on 9/21/22 12:24pm



 
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