WASHINGTON - Rates on 30-year mortgages were unchanged this week as a flood of new economic data did not change the general views of financial markets about inflation.
Freddie Mac, the mortgage company, reported Thursday that 30-year fixed-rate mortgages averaged 6.73 percent this week, the same as last week. That left the rate close to its high-point of the year, which was 6.74 percent set the week of June 14.
Sounds scary, but check out the monthly averages of rates in 1983.
View the monthly averages of mortgage rates between 1983 and 2007 here.
July 24th, 2007 at 7:50 pm
Heh, that was back when my parents bought their place, ahh the Reagan years!!!!
July 29th, 2007 at 5:04 pm
I can’t even imagine what a 13% interest rate does to the housing market