The Cost Across Time: Average Interest Rates & Mortgage Payment


Average interest rate and mortgage payment graphic

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.

#interestrates #mortgage

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