The Cost Across Time [INFOGRAPHIC] | Simplifying The MarketSome Highlights:

  • With interest rates around 3.66%, now is a great time to look back at where they’ve been over the past few decades. Comparatively, they’re pretty low!
  • According to Freddie Macrates are projected to increase to 3.9% by this time next year.
  • 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 and $7,200 over the life of your loan.
  • Maybe it’s time to lock in now, while rates are still historically low.

 

About the author

Beach Billy Seeberger

Beach Billy Seeberger

REALTOR

Billy Seeberger is a full-time Realtor® and 3rd generation Panama City Beach Local. Billy knows the beach, loves the beach and is ready to put his knowledge to work for you!

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