In this article we have given the 30 Year mortgage rate trends from the year 1971 up till 2009. The graph below shows the rates of 30 Year FRM and the prime rates.
Following the above graph which starts from June 1971 the rates of 30 Year FRM was in between 7% and 8% where as the prime rates were in between 5% to 6% after that the 30 Year FRM rates were quite stable up till June 1973 but soon after that it rises up to 9% then there we can see a little drop in June 1974 and then after that it again rises up to 10%.
