The Scoop on Current Interest Rates

The Scoop on Current Interest Rates

Did you know that the interest rates are still at all time lows?  It is THE best time to purchase a house.  I've included a short 3 minute video that demonstrates exactly how much the interest rate can effect your overall buying power and monthly mortgage payment.

Some interesting historical info on interest rates:

In the year 2000 interest rates were at 8%.

In the 1980's interest rates were between 10-16% (Just imagine that for every dollar you paid, up to 15% went to interest alone!)

In the 1990's interest rates were around 10%

This year we've seen interest rates in the 3-5% range.  There has never been a better time to buy than now.

Whether you're purchasing a home as a first time homebuyer or you're wanting to move into a larger home and take advantage of the low interest rates....give a call today at 62-HOUSE (624-6873) and ask for Jennifer.  You won't regret it!


Lorissa Britos Headshot
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Phone: 509-703-4022
Dated: March 11th 2013
Views: 1,308
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