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Name:	roswellric -	Reply
Subject:	Historical Home Interest Rates
Date:	4/17/2012 10:11:48 AM

For those that think low interest rates are normal. The bubble is now, not in the 80's.

URL: History of Interest Rates

Name:	MartiniMan -	Reply
Subject:	Historical Home Interest Rates
Date:	4/17/2012 11:04:16 AM

If you look at rates since the 1960s you get a different picture. Look at the attached. Having said that, interest rates below 5%-6% are definitely below normal.

URL:

Name:	Osms -	Reply
Subject:	Historical Home Interest Rates
Date:	4/17/2012 11:54:46 AM

Sometimes you look back and wonder just how stupid you were....or over confident. I moved and built a house in the spring of 1982. Mortgage rates were 16%+ when we started and 12%+ when we closed. Building in that economy was interesting; you could call a sub-contractor and he'd be there in 30 minutes because there were no other projects in town to keep him busy elsewhere. Today's interest rates are kept artificially low by printing money faster than the demand. Many of us remember CD return rates of 18%. Can you imagine how long it would take the government to go bankrupt if it had to pay 18% for treasuries. Unfortunately that time could come again, if we don't do something, soon.

Name:	MartiniMan -	Reply
Subject:	try that again
Date:	4/17/2012 5:35:04 PM

http://www.fairloanrate.com/2009/07/05/mortgage-interest-rates-trend-national-average-contract-mortgage-rate-1963/

Name:	roswellric -	Reply
Subject:	Historical Home Interest Rates
Date:	4/18/2012 10:19:31 AM

That's the rub. Theoretically the country's productivity should keep up with the increase in money supply.

In the fall of 1979, after the money supply expanded from the Vietnam war and the easy credit of the early 70's, our creditors realized the extent of the debasement of the currency and just didn't show up for the Treasury auctions. That's when Volker "jacked up" the rates so they could sell the t-bills. The Fed said it was done to cool inflation but that wasn't the real reason.

We have a breather now because of the turmoil in the rest of the world's currencies but that won't go on forever. Last year the Fed "printed" 61% of the new debt issued. That's a staggering statistic. Sooner or later I fear we will have some sort of "event". The bill will be paid in one form or another.

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