Historical Mortgage Interest Rates By Decade
Real estate Buyers are still feeling the shock of mortgage interest rate increases over the last month or two – but if you look at where interest rates have averaged for the past 5 decades you can see that mortgage rates are still historically low!
Reach out if you’d like me to connect you with a lender who will help you get the lowest rate possible!
More Real Estate Buying Info at https://StAugHouses.com/staughouses/buying
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Mortgage rates may continue to move higher as inflation continues to apply upward pressure, but rates are still Historically Low!
Check out the difference in monthly payment on a $399,900 home throughout the years with 5% down:
Decade – Rate – Payment on $400,000
1970s – 8.86% – $4,213
1980s – 12.7% – $5,308
1990s – 8.12% – $4,014
2000s – 6.29% – $3,543
2010s – 4.07% – $3,023
Today – 5.5% – $3,351