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.
Bedford New York Real Estate | Bedford NY Homes by Robert Paul Realtor » Blog Archive » Back to the Future: The cost of mortgage rates | Bedford Hills Real Estate.