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last updated 7/15/2020
Historically Low Rates
Most people know interest rates have been pretty low in recent times. In the mid 2000’s, a 6-7% interest rate was considered a good rate. All the way back to the 1960’s, 6% was considered good and at times during the 1980’s and early 1990’s rates were as high as 17% and 10% respectively. So even at today’s rates, mortgages are still priced relatively “cheap” in historical terms. Even in the very best mortgage pricing in human history that we can find, 2012 had the lowest 30 year rates at 3.35%. Today as I write this (4-2-2020) we are sitting at roughly 3.8% for a 30 year loan. We’re going to completely blow that away!
However, we recognize at Silverthorne Homebuilders that with everything going on in the world today it might be hard to make a decision on building that new dream home you’ve always wanted. So for that reason, we’ve been working hard the last two weeks to come up with an amazing program.
Disclaimer: Content shown above are rough estimates and does not in anyway dictate your actual mortgage rate. Each rate will vary based on situation.
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