Interest Rates Fall To An All-Time Low... The average U.S. rate for a 30-year fixed mortgage fell to 3.29% this week, the lowest ever recorded by Freddie Mac since 1971. The 15-year fixed rate also dropped, averaging 2.79%, down from 2.95% last week.
With mortgage rates this low, how can you NOT afford to buy a home and lock in your housing costs for years to come?
How Interest Rates Affect Your Monthly Housing Costs The chart below shows how average mortgage rates by decade have impacted the approximate monthly payment of a $200,000 home over time. Using the same $200,000 home example, the second chart clearly illustrates (32 comments)