Sometimes the best way to know whether your current situation is positive, is to look at the history of that situation. So, I decided to take a look at the history of home costs. In other words mortgage rates and payments, over the last few decades. Â Here’s how it looks:
What does this mean for you?
- With interest rates still hovering around 4% it’s a great time to jump in our way back machine and look at where rates were over the last 40 years.
- Most economists agree that mortgage rates are projected to rise a full percentage point by this time next year.
- The direct impact your mortgage rate makes on  your monthly payment is huge!
- Now is the time to lock in a low rate!
|
|||||||||||||||||||||||||
 |
|||||||||||||||||||||||||
