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Interest Rates Over Time

Friday, February 21, 2020   /   by DeeDee Meyers

Interest Rates Over Time


Interest Rates Over Time



 



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.


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