Interest Rates By Decade


Real Estate Highlights:

  • Your mortgageĀ  interest rate impacts your monthly housing costs.
  • In the 1980s, a 30-year fixed mortgage rate averaged in the high 12 percent, making the monthly principal and interest payment on a $200,000 loan amount over $2,000.
  • Today, interest rates are at historic lows.Ā  It is a great time to lock in your housing cost, i.e. your interest rate.
Tagged with: , , ,

Leave a Reply

Your email address will not be published. Required fields are marked *