Historical Mortgage Rates

I found this graph during one of my searches for Interesting and Relevant information.

I find it interesting in a few of ways.

1.  We have been told over the past 15 + years that now is the time to buy because

Interest Rates are at an Historical low and you want to buy before the rates go up.

Well, if they would have waited, they would have most likely got a better rate.

2.  If from 2001 - 2002 and 2008 - 2009 are considered to have been Recessions.

Then what has 2009 - today been?  A Nightmare?

This is from Freddie Mac, a Government-Sponsored Enterprise (GSE), 

It's interesting what our Government wants to define as Recessions.

3.  We have an Election coming up.

Some people, aka, Radical Thinkers, Conspiracy Theorist's say that

Mortgage Interest Rates are Artificially being held down in an attempt to "Spark" the Housing Market.

If true... then after the Election, we could see a Rise in Rates.

Maybe now is the time to Buy!

Or wait...

Market Conditions... Do they answer any questions?

Nationally Prices are Trending Upward.

Here in Las Vegas,

Prices were Rising,

but have since leveled back down.

It's always a litlle scary to see the prices trending downward.

We had a lot of volatility this summer.

And it looks like we will end up where we started.

This summer was a big question mark.

Why did this happen?

What caused it?

What does the future hold?

My opinion...

This is an Election Year,

And the powers that be are trying to .....