https://files.keepingcurrentmatters.com/wp-content/uploads/2019/11/20141056/20191122-Share-KCM.jpg 410 750 The KCM Crew https://www.keepingcurrentmatters.com/wp-content/uploads/2023/01/KCMLogoFlatForDarkTM-300x39.png The KCM Crew2019-11-22 06:30:502019-11-21 17:19:38The Cost Across Time [INFOGRAPHIC]
The Cost Across Time [INFOGRAPHIC]
- With interest rates around 3.66%, now is a great time to look back at where they’ve been over the past few decades. Comparatively, they’re 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 it’s time to lock in now, while rates are still historically low.
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