Interest Rates By Decade

Real Estate Highlights:

• Your mortgage  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.  It is a great time to lock in your housing cost, i.e. your interest rate.