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Interest Rates: The Difference 30 Years Makes

  • July 22nd 2009

by Mark Wellborn

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It is hard to believe, but true. Interest rates for 30-year mortgages back in the early 1980s were triple what they are today. Tom O’Keefe of Prosperity Mortgage in Chevy Chase DC has compiled a pretty amazing chart that maps interest rates going back to 1980, which gives a great visual perspective of how rates have changed in the last thirty years. The full chart is below.

Interest Rates: The Difference 30 Years Makes: Figure 1

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/interest_rates_the_difference_30_years_makes/1157.

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