Interest Rates Over Time [INFOGRAPHIC]
![Interest Rates Over Time [INFOGRAPHIC] | Simplifying The Market](https://chime-wp.s3.amazonaws.com/wp-content/uploads/sites/654/2020/02/23090404/20200221-KCM-Share-549x300.jpg)
![Interest Rates Over Time [INFOGRAPHIC] | Simplifying The Market](https://chime-wp.s3.amazonaws.com/wp-content/uploads/sites/654/2020/02/23090405/20200221-MEM.jpg)
Some Highlights:
- With interest rates hovering at near historic lows, now is a great time to look back at where they’ve been, and how much they’ve changed over time.
- According to Freddie Mac, mortgage interest rates are currently hovering near a five-decade low.
- The impact your interest rate has on your monthly mortgage payment is significant. An increase of just $20 dollars in your monthly payment can add up to $240 per year or $7,200 over the life of your loan. Maybe it’s time to lock in now while rates are still low.
Categories
Recent Posts
Rent or Buy? The Real Tradeoff Most People Don’t Talk About
Getting a Tax Refund? Here’s How It Can Help You Buy a Home
Wondering If You Should Still Buy a Home Right Now? Here’s What To Keep in Mind.
When Buying a Home Feels Out of Reach, Some Families Do This Instead
Thinking About an Adjustable-Rate Mortgage? Here’s What You Need To Know.
GET MORE INFORMATION
