Jason Hartman talks with in-house economist Thomas about how interest rates in the past 10 years have compared to one another. The two explain why interest rates can be so difficult to predict and how these past 10 years are compared to the past.
[2:53] Interest rates aren’t completely unpredictable, but they’re driven by things where you can’t know exactly what’s going on
[6:10] Interest rates back in 2010
[15:49] #5 on Thomas’ list is 2017, when interest rates dipped under 4%
[20:24] 2015 makes up the #3 spot on the list with interest rates averaging 3.85%
[24:18] The #1 year for interest rates in the past decade
[28:32] Remember that real estate deals can be renegotiated