As you can see from the historical data below, today’s average mortgage rates are lower than they were in the 50s! Although rate isn’t the only important aspect of a mortgage, it’s interesting to see how rates have fluctuated over the past few decades.

1957 6.85% 1958 6.80% 1959 6.98% 1960 7.18% 1961 7.00% 1962 6.97% 1963 6.97% 1964 6.97% 1965 7.02% 1966 7.66% 1967 8.07% 1968 9.06% 1969 9.84% 1970 10.45% 1971 9.43% 1972 9.21% 1973 9.59% 1974 11.24% 1975 11.43% 1976 11.78% 1977 10.36% 1978 10.59% 1979 11.98% 1980 14.32% 1981 18.15% 1982 17.89% 1983 13.29% 1984 13.61% 1985 12.18% 1986 11.22% 1987 11.14% 1988 11.60% 1989 12.05% 1990 13.24% 1991 11.16% 1992 9.52% 1993 8.70% 1994 9.34% 1995 9.22% 1996 7.94% 1997 7.07% 1998 6.90% 1999 7.39% 2000 8.20% 2001 7.18% 2002 6.70% 2003 6.04% 2004 5.80% 2005 5.48% 2006 5.98% 2007 6.36% 2008 6.41% 2009 5.05% 2010 4.82% 2011 4.57% 2012 4.24%

Current Best Rate 3.29% 5 year fixed If you have questions about rates or general mortgage inquiries, answers are just a phone call or email away! www.darick.ca