Here’s some interesting data to help put things into perspective today. There was such a land rush a few years back, fueled by some very “creative” financing coupled with historically low interest rates.
Take a look and you see that rates today remain extremely low, but without all the hysteria we tend not to think of it that way. Keep this chart in mind — it may help you to put your new home purchase into perspective, especially if you are purchasing a home you intend to stay in for awhile (another blog topic).
