Did you know that although interest rates have been climbing these last few years, they are still relatively low historically?
That’s because over the past fifty year, interest rates on a 30 year fixed rate mortgage ranged from a high of 18.63% to as low as 3.31% in 2012.
The graph below provides a visual of the average interest rate on the 30 year fixed rate mortgage. When put into a historical perspective, it’s clear that even though rates are rising, they remain at historically low levels.
To learn how you can benefit from today’s historically low rate for a purchase in Hawaii, contact me today. I would be happy to help you find a licensed mortgage professional.