A firsthand account of what our rates have looked like since 1979.
We’ve been in this business since 1979, so today we wanted to talk about the history of interest rates. We’ve seen it all firsthand, and looking back at the past can tell you more than you’d think about the future.
You can watch the full video above or skip to each section using the timestamps provided:
0:00 — Introducing today’s topic
0:21 — We went from 7% to 17% in 14 months
1:37 — Coming out of the high rates
2:16 — The roaring 2000s and how loans got deregulated
3:00 — What exactly are subprime loans?
4:06 — What did rates look like in the Great Recession?
5:54 — The market started shrinking in 2018
6:56 — Real estate moves in cycles
If you have any questions about interest rates or real estate in general, feel free to call or email us. We’d love to hear from you.