I’ve been thinking a lot lately about this whole sub-prime real estate market which has everyone in a panic about what the best mortgages and the worst mortgages might be. Now, I’m not denying that there’s a problem in the housing market. But I do think that there’s been a lot of hype about how sub-prime mortgage rates (which people used to think were the best mortgage rates for low-income new home buyers) have failed to meet the needs of people today. What I’ve noticed is that we all have a tendency to believe that only the latest numbers matter.

When you take a look at problems with mortgage rates today as compared with yesterday, you might see that the problems have increased. However, if you were to create a timeline of the entire history of mortgage rates, you would be able to see that today’s situation isn’t necessarily so bad. Remember the Depression? Sure, no one is really equating today’s mortgage problems with the issues from back then … but that’s part of the problem. We always think that the bad stuff from today is the worst that it can be and that is rarely the case.

An archive of the entire range of mortgage rates, including fixed mortgage rates and variable mortgage rates as well, would allow people to get some perspective on this situation. Yes, a problem might exist. But a complete look at the information would allow borrowers to see the true extent of the problem instead of having to follow the hype.

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