Scott Swinford is a mortgage loan originator in Indiana & Illinois. A firefighter/paramedic in his past professional life, Scott's goal is to be an advocate and an educator for his valued clients. He lives in Northwest Indiana with his wife, two sons, a Beagle, and a Belgian Malinois.
Interest Rates Over Time [INFOGRAPHIC]
![Interest Rates Over Time [INFOGRAPHIC] | Simplifying The Market](https://i0.wp.com/files.simplifyingthemarket.com/wp-content/uploads/2020/02/20143107/20200221-KCM-Share-549x300.jpg?w=358&ssl=1)
![Interest Rates Over Time [INFOGRAPHIC] | Simplifying The Market](https://i0.wp.com/files.simplifyingthemarket.com/wp-content/uploads/2020/02/20143104/20200221-MEM.jpg?ssl=1)
Some Highlights:
- With interest rates hovering at near historic lows, now is a great time to look back at where they’ve been, and how much they’ve changed over time.
- According to Freddie Mac, mortgage interest rates are currently hovering near a five-decade low.
- 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 or $7,200 over the life of your loan. Maybe it’s time to lock in now while rates are still low.
Source: New feed
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