Mortgage Interest Rate History

With Mortgage Interest Rates at historical all time lows and California home prices lower than they have been in years, now could be the best time ever to purchase a home  in South Lake Tahoe. Below is an interesting chart provided by the California Association of Realtors showing the history of mortgage interest rates. Looking at the comparison of the highest interest rate of 18.45% in October of 1981 and the low rate of 3.47% in September is unbelievable! I can only hope that interest rates continue to stay this low so that buyers can take advantage of this unique situation.

For more information regarding the current low interest rates and about the current inventory of homes for sale in South Lake Tahoe please contact Brent Johnson at (530) 416-2625.