While mortgage rates have been rising the last few months, they are still historically low compared to the trend over the 
last four decades, Freddie Mac says in a blog post. But rates as low as they were in November 2012 -when the 30-year fixed-rate mortgage reached an all-time low of 3.31 percent - aren't likely to return any time soon, the mortgage giant says. Still, Freddie assures borrowers that the all-time record high of 18.63 percent reached in October 1981 isn't on the horizon either. (At 18.63 percent, monthly mortgage payments on a $200,000 loan would be $3,117, compared to $992 a month at today’s 4.32 percent average.) Mortgage Rates on the Rise:
last four decades, Freddie Mac says in a blog post. But rates as low as they were in November 2012 -when the 30-year fixed-rate mortgage reached an all-time low of 3.31 percent - aren't likely to return any time soon, the mortgage giant says. Still, Freddie assures borrowers that the all-time record high of 18.63 percent reached in October 1981 isn't on the horizon either. (At 18.63 percent, monthly mortgage payments on a $200,000 loan would be $3,117, compared to $992 a month at today’s 4.32 percent average.) Mortgage Rates on the Rise:
No comments:
Post a Comment