Interest Rates Over Time [INFOGRAPHIC]

  • Interest Rates Over Time [INFOGRAPHIC] | Simplifying The Market

g width="358" src="https://files.simplifyingthemarket.com/wp-content/uploads/2020/02/20143107/20200221-KCM-Share-549x300.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Interest Rates Over Time [INFOGRAPHIC] | Simplifying The Market" style="display: block; margin-bottom: 5px; clear:both;max-width: 100%;" link_thumbnail="" srcset="https://files.simplifyingthemarket.com/wp-content/uploads/2020/02/20143107/20200221-KCM-Share-549x300.jpg 549w, https://files.simplifyingthemarket.com/wp-content/uploads/2020/02/20143107/20200221-KCM-Share.jpg 750w" sizes="(max-width: 549px) 100vw, 549px" />

Interest Rates Over Time [INFOGRAPHIC] | Simplifying The Market

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.