Interest Rates Over Time [INFOGRAPHIC]
Infographic Courtesy of Keeping Current Matters/The KCM Blog
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.
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