Historical Mortgage RatesTuesday, March 27, 2007 - Article by: eFinanceDirectory -
The following chart indicates how mortgage interest rates have moved up and down over the last twenty years: <table width="524" border="1"><td width="177"><div align="center">Year</div></td><td width="125"><div align="center">30 year fixed </div></td><td width="200"><div align="center">1 year ARM </div></td><div align="center">1987</div><div align="center">10.21%</div><div align="center">7.83%</div><div align="center">1988</div><div align="center">10.34%</div><div align="center">7.90%</div><div align="center">1989</div><div align="center">10.32%</div><div align="center">8.80%</div><div align="center">1990</div><div align="center">10.13%</div><div align="center">8.36%</div><div align="center">1991</div><div align="center">9.25%</div><div align="center">7.09%</div><div align="center">1992</div><div align="center">8.39%</div><div align="center">5.62%</div><div align="center">1993</div><div align="center">7.31%</div><div align="center">4.58%</div><div align="center">1994</div><div align="center">8.38%</div><div align="center">5.36%</div><div align="center">1995</div><div align="center">7.9%</div><div align="center">6.06%</div><div align="center">1996</div><div align="center">7.81%</div><div align="center">5.67%</div><div align="center">1997</div><div align="center">7.60%</div><div align="center">5.61%</div><div align="center">1998</div><div align="center"><div align="center">6.94%</div><div align="center"><div align="center">5.58%</div><div align="center">1999</div><div align="center">7.44%</div><div align="center">5.99%</div><div align="center">2000</div><div align="center">8.05%</div><div align="center">7.04%</div><div align="center">2001</div><div align="center"><div align="center">6.97%</div><div align="center"><div align="center">5.82%</div><div align="center">2002</div><div align="center">6.54%</div><div align="center">4.62%</div><div align="center">2003</div><div align="center">5.83%</div><div align="center">3.76%</div><div align="center">2004</div><div align="center"><div align="center">5.84%</div><div align="center"><div align="center">3.90%</div><div align="center">2005</div><div align="center">5.87%</div><div align="center">4.49%</div><div align="center">2006</div><div align="center">6.41%</div><div align="center">5.54%</div><div align="center">2007</div><div align="center">6.26%</div><div align="center">5.49%</div></table> |
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