The Cost Across Time [INFOGRAPHIC]
Last updated on December 7th, 2019 at 01:57 pm
The Cost Across Time [INFOGRAPHIC]
![The Cost Across Time [INFOGRAPHIC]](https://propertiesbykm.com/wp-content/uploads/2019/12/The-Cost-Across-Time-INFOGRAPHIC-Dec-2019.jpg)
Some Highlights:
- 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.
