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 Lake Vermilion Real Estate

A daily journal concerning Lake Vermilion and surrounding areas.
Selected real estate, notes, stories, musings, and anecdotes.

January 3, 2006

Happy New Year! Welcome 2006!

There’s nothing like a good graph to kick off the start of a brand new calendar year. There seems to be a perception by some that mortgage rates have elevated to relatively undesirable levels. It’s true that rates are higher than their lows of the last year or so but overall the 30 year fixed rate mortgage is still at historically low levels. The chart tells the story.

Mortgage trend

2001-2005 Minnesota 30 Year Fixed Rate Mortgage Trend

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