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  • According to a recent survey, a full 61% of Americans think that mortgage interest rates rates are “unprecedented.”

    The thing is, mortgage rates aren’t actually the highest they’ve ever been; not even close, and it isn’t too far a look back to see when they were similar or higher.

    Historical Mortgage Interest Rate Chart

    The reality is, homebuyers have been enjoying abnormally low mortgage rates since right after the real estate crash, and especially the COVID driven low rates the past few years.

    We all get it, it stinks, but this graph will shed some light on how those low rates were on the historical chart, and now they’re not just back to “normal”—perhaps even still below normal?

    Ready to find a home in today’s market?

    Our mortgage experts here at Cambria Mortgage, the Joe Metzler team are happy to provide a no obligation application review, along with an initial softpull credit report, which has no impact on your credit score.

    We lend in MN, IA, ND, SD, and WI. Call (651) 552-3681, or Apply Online Today

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