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.