Interest Rates Are Low Maybe Too Low

Dated: 03/31/2016

Views: 477

Interest rates remain near historic lows—which is great if you’re a home buyer, but not so great for mortgage makers. After all, interest is profit for the lender.

“With lower rates, they’re making less money per loan. “The lenders’ costs have gone up, and their ability to make money continues to be limited by low interest rates.”

For example, rates were 3.8% for the average 30-year, fixed-rate mortgage last week, according to, a publisher of mortgage information and statistics. In 2000, it was 8.08%. At the height of the bubble in 2007, it was 6.37%; in 2010, it was 5.08%.

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