40 Years Of Mortgage Rates [INFOGRAPHIC]

Mortgage Rates Over The Last 40 Years

40 Years Of Mortgage Rates [INFOGRAPHIC]

There aree those in some circles that are predicting a decline, albeit a somewhat marginal one in the near future. And as you can see below, it is predicted that mortgage rates will rise as much as another 1%. This begs the question, what is better to do? Wait for home prices to decline while rates go up? Or jump into a lower interest rate environment now? As will be demonstrated in a future post we contend it is the former.

 In the mean time, if you have any questions call you Mortgage Advisor today and he/she will be able to keep you abreast of what current interest rates are doing and advise you properly.

Mortgage Rates Over The Last 40 Years [INFOGRAPHIC] | Keeping Current Matters

Some Highlights:

  • 30-year mortgage rates are projected to increase by a full percentage point in 2016
  • Rates are still well below the past four decade averages
  • The interest rate at which you borrow the funds to purchase your dream home makes a huge difference on your monthly payment

via Mortgage Rates Over The Last 40 Years [INFOGRAPHIC]

2016-11-08T19:02:06-07:00 Categories: Housing Data|