For whatever reason, people always seem to find these mortgage rate trend charts fascinating. Click here for a free real-time mortgage rate quote. Here is the historical mortgage rate trend chart for 30 year fix and flip loans from April 1971 through November 2011. Data is supplied by FreddieMac. Excel wizardry by yours truly. You are welcome to use this chart, all I ask is that you keep the credit box on the chart and link back here. When I first published charts like this back in 2006, … [Read more...]
Help for Underwater Homeowners in Arizona. New HARP / Making Home Affordable Rules
HARP - the Home Affordable Refinance Program - is undergoing some much needed revisions to its eligibility criteria. Previously the program allowed some homeowners to refinance their existing mortgages up to 125% of the home's value. For example, let's say you owe $200,000 on your mortgage. Due to the dramatic drop in home values across the Valley (generally), your home is now worth $140,000 (sadly, this is not unreasonable within the Phoenix market). Under the old HARP guidelines, the most … [Read more...]
Historical Mortgage Rate Trend Charts: Updated through May 2011
People seem fascinated by mortgage rate trend charts. In a geeky sort of way, they are interesting to examine. We've published these charts in 2006 and 2008, and they still get visited every day. Yes, I am now hanging my head in shame for not updating them in almost three years. As you'll see below, mortgage rates continue to hover at or near historical lows. Anyone is welcome to use these charts, all I ask is you keep the information box that is on the chart intact and link back to this post … [Read more...]
Historical Mortgage Rate Trend Charts: Updated through August 2008
UPDATED! Please go here for updated mortgage rate trend charts (updated through May 2011) Our original incarnation of the 30 year historical mortgage rate trend chart, published two years ago today, is consistently one of the more frequently visited articles on this blog.I updated and added other trend charts in January of this year, and it seemed prudent to update the charts once again.As I get several requests a month for larger versions of these charts, I’ve included them here … [Read more...]
Historical Mortgage Rate Trend Charts
UPDATED! Please go here for updated mortgage rate trend charts (updated through May 2011) Update: Please see this post for updated charts (through August 2008). The 30 year mortgage rate monthly trend chart and post that was made here in September of 2006 continues to be one of the most frequented posts on this blog. I've updated the 30 year fixed mortgage rate trend chart so that it now shows mortgage interest rates from April 1971 through December 2007. In addition,historical rate … [Read more...]
The Phoenix Real Estate Guy was started by Jay Thompson, and I have a little blogging problem... he liked to say...