Thursday, June 12, 2014

Cost Across the Decades

Here is an interesting comparison across the decades for interest rates and mortgage payments. I remember well the first house my wife and I purchased and the loan officer stating we would never see such low rates again. (It was an Idaho Housing backed loan and interest rates had risen since we locked it in.) It was around 4.5% as I recall, and for many years that was true, but not in the last couple of years.

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