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October 17, 2008

Thirty Years of the U.S. 30-Year Mortgage

Lots of people noticing today that for various technical reasons, U.S. 30-year fixed mortgage rates are back to levels last seen when Freddie/Fannie were nationalized. But that said, and as the following figures shows, all the bleating about high rates looks fairly dubious, historically speaking and in nominal terms.

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