Look How Low Mortgage Rates Have Dropped

It’s stunning to see how far mortgage interest rates have fallen over the past few decades. The graphic below, with data from Freddie Mac, offers a great visualization of that decline.

Rates change on a daily basis, but as of last week they were below 3%. Rates have hit all-time lows several times in the past year.

mortgage rates comparison by decade

Compared to what we’ve seen in recent decades, it’s a great time to buy a home. Lower rates mean your monthly budget can buy “more” home. 

Locking in a low rate today could save you thousands of dollars over the lifetime of your home loan, but these low rates may not last forever.

If you’re in a position to buy a home, let’s connect to determine your best move in today’s housing market while interest rates are still in your favor. We can answer your questions and connect you with a trusted local lender who’ll take great care of you.

– Cari

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