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.
Chris Plante, Broker (951) 708-8008 DRE # 00902661
6930 Indiana Ave., Suite 1 Riverside CA 92506