Looking back in time gives us the opportunity to really appreciate the value of today's interest rates. While rates have started going up, today's rates remain significantly lower than in previous decades and buying power remains strong.
- With interest rates still around 4.5%, now is a great time to look back at where rates have been over the last 40 years.
- Rates are projected to climb to 5.1% by this time next year according to Freddie Mac.
- The impact your interest rate makes on your monthly mortgage cost is significant!
- Lock in a low rate now while you can!