[chassis]

Originally Posted by FCobra94

Here are some historical rate charts that date back to, like, forever:
https://fred.stlouisfed.org/series/MORTGAGE15US
https://fred.stlouisfed.org/series/MORTGAGE30US

Now seems like a good time ... how much lower could you honestly expect them to go? Not to mention, if you're dealing with a decent broker, they'll get you the lowest rate available between the time you start the process and the time you sign the dotted line anyway.

Thanks for posting. I am a fan of the FRED data tools.

What I see in those charts is that mortgage interest rates and recessions are unrelated, from a cause and effect point of view.

If that statement is true, it suggests that improperly loose lending standards, not low interest rates, were the cause of the financial crisis in 2009. In other words, its wasn't the low price of money that was the problem, but rather that lenders were lending to anyone that would fog a mirror. Borrowers who had insufficient means to service their debt.