Pixel ID: 275739503139554

What Does a Good Interest Rate do?

Dated: February 21 2020

Views: 17

Interest Rates Over Time [INFOGRAPHIC] | MyKCM

Some Highlights:

  • 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.
Blog author image

Grant Reid

I am a South African expat living in the wonderful city of Cumming GA. I am a licensed real estate sales person and REALTOR in Cumming, GA. I have 30 years’ experience in running and managing severa....

Latest Blog Posts

It Pays to Sell with a Realtor Estate Agent

Some HighlightsToday, it’s more important than ever to have an expert you trust to guide you as you sell your house.From your safety throughout the process to the complexity of negotiating the

Read More

Will Mortgage Cost Remain Low Next Year?

In 2020, buyers got a big boost in the housing market as mortgage rates dropped throughout the year. According to Freddie Mac, rates hit all-time lows 12 times this year, dipping 

Read More

Will Mortgage Cost Remain Low Next Year?

In 2020, buyers got a big boost in the housing market as mortgage rates dropped throughout the year. According to Freddie Mac, rates hit all-time lows 12 times this year, dipping 

Read More

Will Mortgage Cost Remain Low Next Year?

In 2020, buyers got a big boost in the housing market as mortgage rates dropped throughout the year. According to Freddie Mac, rates hit all-time lows 12 times this year, dipping 

Read More