Mortgage Rate history…25 year chart
Here’s an updated 25 year Interest Rate Chart. The chart gets updated monthly by Firstline Mortgages, a division of CIBC. Click here to see the data.
The only surprise is that interest rates didn’t go up as many experts had predicted last year and earlier this year… To sum up why in just one word……UNCERTAINTY….. there is a lot of uncertainty about he global recovery and the domestic economy…. watch for interest rates to stay fairly flat through the rest of 2010….
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Steve Garganis View All
As an industry insider, Steve will share info that the BANKS don't want you to know. Steve has appeared on TV's Global Morning News, CBC's "Our Toronto" and The Real Life TV show. He's also been quoted in several newspapers such as the Globe and Mail, The Toronto Star, The Vancouver Sun, The Star Phoenix, etc.
Interest rates have been on a downwards trend since 30 years.
Comparison between fixed and variable may look different when interest rates are on a long-term upwards trend.
So I’d be interested to see a comparison chart going back 40 years or so.