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Mortgage Rates by Decade Compared to Today [INFOGRAPHIC]

Mortgage Rates by Decade Compared to Today [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • The interest rate you secure for your mortgage greatly influences your monthly housing costs.
  • In the 1980s, 30-year fixed mortgage rates averaged in the high 12s making the monthly principal and interest payment over $2,000.
  • Interest rates are still at historic lows; this is a great time lock in your housing cost and protect yourself from increasing rents, or refinance your current mortgage.

Source: DZ

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