Mortgage

Back to the Future: The cost of mortgage rates

Mortgage rates have never been lower, but they most certainly have been higher.

The latest infographic provided by Loans.org takes loan rates back in time from the last decade, to the ’90s and even back to hte ’80s — these efforts that would make the Doc and Marty McFly proud.

For instance in 2013, a homeowner pays $1,347.13 a month for a four bedroom and three bathroom home.

But if you take the same home and go back to 2008 when the Great Recession begins, the average interest rate is 6.03% and your monthly payment would’ve been $1,503.70.

Click here to view the informative infographic. 

Most Popular Articles

Latest Articles

Wendy Forsythe joins eXp Realty as chief marketing officer 

Real estate brokerage eXp Realty has added industry veteran Wendy Forsythe to its leadership team. On Thursday, the firm announced that Forsythe was joining eXp as its new chief marketing officer. According to the release, in this role, Forsythe will be responsible for building the firm’s marketing strategies and global initiatives, working to expand the […]

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please