Phone:
781-255-5755 |
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Fax:
866-354-0305 |
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In 1981 the average
30-year fixed rate was a staggering 18.45 percent,
up from 8 percent just four years earlier. Then
over the course of the next seven years, rates declined
to less than 10 percent.
Since then, rates have remained in a narrow band,
fluctuating from approximately 7 percent to nearly
10 percent in 1989. In the New Century, the band
has fluctuated from 5-7 percent.
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