The Cost Across Time: Average Interest Rates & Mortgage Payment
- HFA Miami
- Feb 7, 2019
- 1 min read
Some Highlights:
With mortgage interest rates still around 4.5%, now is a great time to look back at where rates have been over the last 40 years.
Mortgage interest rates are projected to climb to 5.0% 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!
If your plans for 2019 include purchasing a home, visit us at hfamiami.com/homebuyers to learn about our first-time home buyers’ mortgage, low interest rates and down payment assistance program.
Note, information in this post was derived from www.freddiemac.com.
