Taking a trip down memory lane, we find that mortgage rates have been on a wild ride throughout history. Early, interest rates were generally favorable. This cycle transformed in the late 20th century, reaching unprecedented figures during periods of economic instability. Fast forward to today, and we see rates swinging once again, driven by a comp

Examining past mortgage rates provides valuable insight into the changing nature of the housing market. Throughout history, interest rates have risen and decreased in response to a variety of market factors. Reviewing these trends can help homebuyers understand the broader context of current mortgage rates and make more intelligent financial decisi