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
