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A daily journal concerning Lake Vermilion and surrounding areas.
Selected real estate, notes, stories, musings, and anecdotes.
March 21, 2005
“30 Year Fixed Rate Mortgage Trend”
It’s time for an update on the mortgage rates. If you look at a graph extending back for 3 months or so, you might come to the conclusion that mortgage rates hit an all time high. But the longer 5 year trend (shown above) shows rates remain at a very comfortable level.
It looks as though the short term trend is towards higher rates. Holden Lewis tracks mortgage trends for Bankrate.com.
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Bill Tibbetts
Associate Broker 
