Thanks to Jay Thompson for creating this chart and allowing others to post it. I bought my first property in 1981 and as you can see interest rates were over 18%. Now they are slightly under 4% what a hugh difference. At the time I was told I should not wait and see what would happen with interest rates because no one could predict with assurance what would happen and I should not put my life on hold for something unpredictable. I say the same thing to any buyer now but the rates are at 4%. We have not seen interest rates this low in over 40 years and it is unpredictable how long rates will stay at this level. This is an opportunity not to be missed, in my opinion.