Charlotte Homes for Sale
Nina Hollander
(704)779-0813

We are now enjoying some of the best interest rates in almost 30 years. It’s a great time to buy a home. And keep in mind that every 1/2% increase in interest rates equals a $5,000 increase in the price of a home on a $200,000 mortgage! Below is a recap of interest rates for 30 year fixed rate mortgages… see for yourself why current rates make NOW a great time to buy a home in Charlotte (or anywhere for that matter). With both interest rates and home prices at their lowest levels in years you’ll save thousands! Need help finding that dream home and getting a mortgage? Contact Carolinas Realty Partners.

30 year Average Fixed Rates

1972    7.38%

1973    8.04%

1974    9.19%

1975    9.04%

1976    8.87%

1977    8.84%

1978    9.64%

1979   11.19%

1980   13.77%

1981   16.63%

1982   16.08%

1983   13.23%

1984   13.87%

1985   12.42%

1986   10.18%

1987   10.20%

1988   10.34%

1989   10.32%

1990   10.13%

1991   9.25%

1992   8.40%

1993   7.33%

1994   8.36%

1995   7.96%

1996   7.81%

1997   7.60%

1998   6.94%

1999   7.43%

2000   8.06%

2001   6.97%

2002   6.54%

2003   5.82%

2004   5.84%

2005   5.87%

2006   6.41%

2007   6.34%

2008   6.04%

2009   5.04%

TODAY’S FIXED 30-YEAR RATE: 4.25%

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