Beyond the Lows: Understanding Historical Mortgage Rates (1980s-Today)

For many recent homebuyers, the ultra-low mortgage rates seen in 2020-2021 (dipping below 3%) might feel like the “norm.” However, a look back at historical trends reveals a much broader picture, with current rates closer to the long-term average than those recent, anomalous lows. Understanding this history is key to setting realistic expectations for homeownership. […]