If you’ve been thinking of buying a home in East Tennessee, you may have been watching what’s happened with mortgage rates over the past year. It’s true they’ve risen dramatically, but where will they go from here, especially as the market continues to slow? As you think about your homeownership goals and decide if now’s the […]
INFOGRAPHIC: Historical Mortgage Rates Over Last 40 Years
The INFOGRAPHIC below charts the historical mortgage rates for 30 year mortgages over the last 40+ years. The 30 year mortgage rate is projected to increase by a full percentage point next year. The mortgage rate currently available is still well below the averages of the last 40 years. If mortgage rates rise by a […]