There has never been a better time to buy your next dream home . Mortgage Rates Through the Years Here’s an overview of mortgage rates in the past four decades, as well as the approximate payment on a $200,000 mortgage and how it changes with the rise and fall of rates, according to Freddie Mac. • 1970s Average 30-year fixed-rate mortgage: 8.86% Approximate payment on a $200,000 mortgage: $1,589 • 1980s Average 30-year fixed-rate mortgage: 12.70% Approximate payment on a $200,000 mortgage: $2,166 • 1990s Average 30-year fixed-rate mortgage: 8.12% Approximate payment on a $200,000 mortgage: $1,484 • 2000s Average 30-year fixed-rate mortgage: 6.29% Approximate payment on a $200,000 mortgage: $1,237 • 2014 Average 30-year fixed-rate mortgage: 4.36% Approximate payment on a $200,000 mortgage: $997
Posted on: Tue, 25 Mar 2014 19:23:49 +0000
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