The History of Mortgage Interest Rates | Morris Invest

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Are today’s rates up from 2019, 2020, and 2021? Absolutely. But remember that rates were artificially low during that time period. So in the context of the history of rates, we’re not in a bad place. Of course, you can argue that prices are up as well, that’s true. But the economy has changed on the whole.
I’ve heard from so many people who are waiting for rates to drop. Most economists are predicting rates may hit the low 6’s by the end of the year. This is not that big of an adjustment. No one has a crystal ball, right? Anything could happen, but personally I would not be waiting for rates to hit pre-pandemic levels.
I always want you to remember that interest rate is not the only factor that should go into weighing the merit of an investment. Something that has always stuck with me is that Robert Shemin once said that as long as his returns are higher than his interest rate, then he would take that deal any day of the week. I think that’s a great perspective to have.
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