Historical 30-year-fixed Mortgage View Against Federal Funds Rate
Take a look at this graph. Yes, the rate is >6% now and the 2-3% days are over. But we are still at a historical low right now. Even before the "Great Recession" of 2007-2009, the rate is still above 5.5-6.5%. How did people make money in all those years when mortgage rates are much higher than it is now? Your thoughts?
30-year-fixed Mortgage Rate vs Federal Funds Rate