The Cost Across Time [INFOGRAPHIC]
Posted by Debbie Grigg
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Some Highlights:
- With interest rates around 3.66%, now is a great time to look back at where theyve been over the past few decades. Comparatively, theyre pretty low!
- According to Freddie Mac, rates are projected to increase to 3.9% by this time next year.
- 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 and $7,200 over the life of your loan.
- Maybe its time to lock in now, while rates are still historically low.
Content previously posted on Keeping Current Matters
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Disclaimer: The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the HRIS.
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