Interest Rates at an All Time Historical Low

This great chart shows the history of 30 year fixed interest rates from 1971 to 2009.  It shows how they have gone up and down over the past few decades and how that compares to where they are at today.  The highest interest rate during this time frame was in 1981 with rates at 16.63%.  The chart shows that rates are currently at the historically lowest price ever! Click on the image below for an enlarged version of the chart.

Wall Street Journal Market Watch Article

Here is an interesting article from the Wall Street Journal about interest rates today. The article states that even though interest rates are getting lower, it is becoming more and more difficult to obtain a home loan. This article was written by Amy Hoak and was published on September 14, 2008. Click here to read article.