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Welcome to the BeSmartee blog. Enjoy a wide selection of articles related to mortgages, the industry, and real estate.

30-Year Fixed-Rate Mortgages Since 1970

By Veronica Nguyen · Aug 29, 2016 · rates

30-Year Fixed-Rate Mortgages Since 1970

Image courtesy of Besmartee, Besmartee

Historical data shows that 30-Year Fixed-rate mortgages are at all-time lows.

Historical data shows that 30-Year Fixed-rate mortgages are at all-time lows.

As history shows us, rates are at all-time lows since 1971. The 30-year fixed mortgages are at 3.44 percent as of end of July 2016. It's a great time for borrowers who want to refinance and take advantage of low interest rates as well as for home buyers looking to buy a home and lock in a low rate.

Historically speaking, mortgage rates have gone up and down with a trend pointing downward over the last three decades. Considering rates have been depresses so low for so long it is likely that they will go up within the next few years. If you think you can get a better rate than the one you have right now, make sure to shop around for the best rate possible.

30-year-fixed-rate mortgages since 1971

30-Year Fixed-rate Mortgages Since 1971


Year

Annual Average Rate

1970

9.01

1971

7.76

1972

7.38

1973

8.04

1974

9.19

1975

9.05

1976

8.87

1977

8.85

1978

9.64

1979

11.20

1980

13.74

1981

16.63

1982

16.04

1983

13.24

1984

13.88

1985

12.43

1986

10.19

1987

10.21

1988

10.34

1989

10.32

1990

10.13

1991

9.25

1992

8.39

1993

7.31

1994

8.38

1995

7.93

1996

7.81

1997

7.6

1998

6.94

1999

7.44

2000

8.05

2001

6.97

2002

6.54

2003

5.83

2004

5.84

2005

5.87

2006

6.41

2007

6.34

2008

6.03

2009

5.04

2010

4.69

2011

4.45

2012

3.66

2013

3.98

2014

4.17

2015

3.85


Real Estate Commission: Explained, Revealed and Compared
By Arvin Sahakian · Aug 17, 2015 · Real Estate Data

Real estate agents receive commissions from home buyers and sellers, collectively earning over $50 Billion per year. Learn how commission amounts are set, who pays them, and how they work in this article. Read more.

197,754

California Property Tax: Complete List by County 2014-2015
By Tim Nguyen · Nov 26, 2014 · Real Estate Data

List of secured property tax rates for all counties of California fiscal year for 2014-2015. Read more.

126,877

California Proposition 60 and 90: Your Complete Guide
By Tim Nguyen · Nov 28, 2014 · Real Estate Data

If you live in California and are over the age of 55 you can effectively reduce your property taxes when buying a new home. Read more.

66,429

What to Expect During the Home Loan Closing Process
By Arvin Sahakian · Feb 24, 2015 · Mortgage

You've heard the term used before, but what does loan closing mean? Find out all you need to know about the process. Read more.

54,323

The Surge in Foreign Real Estate Investment in the United States
By Laura Agadoni · Feb 24, 2016 · Real Estate

Foreign real estate investment in the United States, both commercial and residential, is a huge phenomenon that is only expected to accelerate, maybe even to skyrocket, in 2016. Read more.

50,353

Houston vs. Dallas: Which One is Better to Live in?
By Amanda Curry · Oct 11, 2016 · Real Estate

Houston Vs. Dallas? If you are considering moving to either of these major metropolitan areas, we've created a resource to help you make the decision process a little easier. Read more.

49,159

5 Illegal Borrowing Activities: Things That Are Illegal When You Try to Get a Home Loan
By Laura Agadoni · Jan 22, 2016 · Mortgage

Whenever there is money to be made or money to be spent, some unscrupulous folks will take advantage, trying to game the system or commit all-out fraud. Read more.

48,460

Does Homeowners Insurance Pay Off your Mortgage if the House is Burned Down?
By Amanda Curry · Feb 8, 2017 · Mortgage

In this article, we explore how homeowners insurance works and what happens in the event of a house fire. Read more.

25,892

16 Ways to Improve Your Debt-to-Income (DTI) Ratio
By Veronica Nguyen · Nov 29, 2014 · Mortgage

Your DTI is used by mortgage lenders to determine whether you qualify for a loan, and if so, for how much. Improve your DTI with these 16 tips. Read more.

25,356

5 Tips on Getting a Mortgage Loan after Bankruptcy
By Veronica Nguyen · Apr 15, 2015 · Mortgage

A bankruptcy will make it very difficult to attain a home loan. These 5 tips will help you re-establish your credit quickly in order to qualify for a home loan. Read more.

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