Home Lending Rates from the 1970’s to 2000’s [INFOGRAPHIC]

lending rates 1970 to 2020

What You Need to Know:

  • 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.

Curious how much house you can afford?

Click HERE to get a free, no-strings, no-hassle consultation from our trusted local lending partner, One Trust.

 

Headquartered in Lake Tahoe, Nevada since 1986, Chase International is a dynamic, luxury real estate company with a heart-centered approach, committed to the success of its clients, sales associates, staff and community. With more than 350 professional Realtors® representing homes at all price points, the company is proud to be the market leader, achieving the highest 2018 volume in the region with nearly $1.4 billion in sales. The company currently operates nine offices in Reno-Tahoe—Zephyr Cove, Glenbrook, Incline Village, Carson Valley, South Lake Tahoe, Tahoe City, Truckee, Reno, and Sparks, as well as a marketing and PR firm in London. With powerful international connections in place, Chase listings receive maximum industry exposure to potential purchasers worldwide.

 

Posted on November 29, 2019 at 7:30 am
Chase International Client Care | Category: Buyers, Market Reports | Tagged , ,

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