Mortgage Payment Across Time
Average Interest Rate and Mortgage Payment
The average 30-year fixed mortgage rates and the approximate payment for a $250,000 mortgage.
Payments are principal and interest only based on a $250,000 fully amortizing mortgage.
Even with the projection that Interest Rates will increase by half a point in the next 12 months, are still well below historic numbers!
- With interest rates still around 4.5%, now is a great time to look back at where rates have been over the last 40 years.
- Rates are projected to climb to 5.1% by this time next year according to Freddie Mac.
- The impact your interest rate makes on your monthly mortgage cost is significant!
Lock in a low rate now while you can!
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22443 Clarendon Street
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