What Causes Interest Rate Fluctuations? Interest rate fluctuations in the California mortgage loan market, like any other market, are influenced by a variety of factors. Here are some key elements that can contribute to changes in mortgage interest rates: Economic Conditions: The overall economic conditions both in California and the broader national context play a […]
Interest Rates
Understanding Mortgage Rates
Understanding Mortgage Rates: A Comprehensive Guide for Homebuyers and Homeowners Purchasing a home is one of the most significant financial decisions you will ever make. Whether you are a first-time homebuyer or a seasoned homeowner looking to refinance, understanding mortgage rates is crucial in making informed decisions about your home loan. With the ever-changing real […]
Federal Reserve and the Housing Market
Federal Reserve and the Housing Market How the Federal Reserve’s Decision Impacts the Housing Market and Mortgage Rates The Federal Reserve plays a significant role in the United States economy, and its decisions have far-reaching effects on various sectors, including the housing market. For individuals looking to buy a home or refinance their mortgage, understanding […]
Average Mortgage Rates Since 1972
Conventional, Conforming, 30 Year Fixed-Rate, 50 Year Mortgage History Year Average Interest Rate Average Points 1972 7.38 0.9 1973 8.04 1.0 1974 9.19 1.2 1975 9.05 1.1 1976 8.87 1.2 1977 8.85 1.1 1978 9.64 1.3 1979 11.20 1.6 1980 13.74 1.8 1981 16.63 2.1 1982 16.04 2.2 1983 13.24 2.1 1984 13.88 2.5 1985 […]