Should You Pay A Mortgage Interest Rate Over 4 Percent

Should You Pay A Mortgage Interest Rate Over 4 Percent

Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Along with Freddie MacFannie Mae, the Mortgage Bankers Association and the National Association of Realtors are all calling for mortgage rates to continue to rise over the next four quarters. This has caused some purchasers to lament the fact they may no longer be able to get a rate less than 4%. However, we must realize that current rates are still at historic lows. Here is a chart showing the average mortgage interest rate over the last several decades.


Historic Mortgage Rates By Decade | Keeping Current Matters

Bottom Line

Though you may have missed getting the lowest mortgage rate ever offered, you can still get a better interest rate than your older brother or sister did ten years ago; a lower rate than your parents did twenty years ago and a better rate than your grandparents did forty years ago.


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Phone: 940-368-1306
Dated: November 19th 2015
Views: 1,021
About Deborah: My family has lived in North Texas for generations so I personally know the residential areas of Fri...

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