Mortgage Rates by Decade Compared to Today [INFOGRAPHIC]
Posted by Timothy Mattingly on Friday, October 7, 2016 at 11:18 AM By Timothy Mattingly / October 7, 2016 Comment
- The interest rate you secure for your mortgage greatly influences your monthly housing costs.
- In the 1980s, 30-year fixed mortgage rates averaged in the high 12s making the monthly principal and interest payment over $2,000.
- Interest rates are still at historic lows; this is a great time lock in your housing cost and protect yourself from increasing rents, or refinance your current mortgage.
- We have several great lenders to get you pre-approved for a new home