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Low mortgage rates keep American dream alive

Mortgage rates are at a historic low, averaging 3.56 percent in mid-2012, allowing more Americans to afford homes despite rising prices.


The American dream of homeownership is alive and well, thanks largely to low mortgage interest rates. Rates are at a historic low, averaging 3.56 percent in mid-2012. Go back 30 years to 1982, and the average was a whopping 15.03 percent. 

House prices are, of course, much higher today than in 1982, but the drop in interest rates keeps them affordable for many Americans.  

Click though our photo gallery for more on today’s rebounding housing market. See “What Do Others Say” for more on its outlook, then add to the discussion below. Is now a good time to invest in the American dream? 

What do others say?

  • : Forbes: “Four signs the housing market is improving” More

  • : Brookings Institution: “How bright is the housing bright spot?” More

  • : University of Pennsylvania, Wharton School of Business: “Why the housing market is poised to enter a ‘virtuous cycle’” More

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