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For Buyers, For Sellers, First-Time Buyers, Mortgage Rates, Move-Up

Mortgage Rates by Decade Compared to Today [INFOGRAPHIC]

Some Highlights:

The interest rate you secure for your mortgage greatly influences your monthly housing costs.
In the 1980s, 30-year fixed mortgage rates averaged in the high 12s making the monthly principal and interest payment over $2,000.
Interest rates are still at historic lows; this is a great time lock in your housing cost and protect yourself from increasing rents, or refinance your current mortgage.

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October 7, 2016/by KCM CREW