Taking one trip down memory lane, we find that mortgage rates have been on a bumpy ride throughout history. Historically, interest rates were generally affordable. This pattern shifted in the late 20th century, reaching record highs during periods of economic turmoil. Fast forward to today, and we see rates shifting once again, driven by a complex

Examining old mortgage rates provides valuable insight into the dynamic nature of the housing market. Throughout history, interest rates have soared and plummeted in response to a variety of economic factors. Studying these trends can help potential homeowners understand the broader context of current mortgage rates and make more intelligent financ