Interest Rates Over Time
Posted by Allison Wilkinson on Friday, February 21, 2020 at 5:00 AM By Allison Wilkinson / February 21, 2020 Comment
- According to Freddie Mac, mortgage interest rates are currently hovering near a five-decade low.
- 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.
- 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.
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