What were the Interest Rates in the 80’s
Interest Rates in the 80’s set The RECORD HIGH of 18.63 % back in 1981
Back in the 70’s the average interest rate was 8.86%
Back in the 80’s the average interest rate was 12.7%. (that’s when I first bought)
Back in the 90’s the average interest rate was 8.12%
Back in the 00’s the average interest rate was 6.29%
Back in the 10’s the average interest rate was 4.07%
and TODAY the average interest rate is 6.0% . Interest rates are still historically low.
Don’t let the interest rates deter you from owning real estate. If you can actually buy real estate you should Do It. This is San Diego where demand out weighs supply, so your equity will be protected. It is also a good time to TRADE UP to multi units. San Diego has a housing shortage and it will be like that for a few decades which is why owing several doors as passive income will build wealth.
Let me know what you are looking for and I will put you on the automatic “watch” and when you see something you like, we will make the seller an offer they can’t refuse.
Josie Sarullo – 858-353-6649