The Cost Across Time [INFOGRAPHIC]
![The Cost Across Time [INFOGRAPHIC] | Keeping Current Matters](https://static.wixstatic.com/media/afe665_a5f59d99786c441ba0ede39ed21827d7~mv2.jpg/v1/fill/w_1000,h_773,al_c,q_90,usm_0.66_1.00_0.01/afe665_a5f59d99786c441ba0ede39ed21827d7~mv2.jpg)
Some Highlights:
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 Mac, rates 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.