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Mortgage Rates at Five-Decade Low

02/21/2020 11:17 AM

Mortgage Rates at Five-Decade Low

  • With interest rates hovering at near historic lows, now is a great time to look back at where they’ve been, and how much they’ve changed over time.
  • According to Freddie Mac, mortgage interest rates are currently hovering near a five-decade low.
  • 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 or $7,200 over the life of your loan. Maybe it’s time to lock in now while rates are still low.

Call us TODAY at 309-828-HOME (309-828-4663) to discuss buying YOUR new home!

 

The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Main Street Brokers does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Main Street Brokers will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.

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