Mortgage Rates- 3.6% – LOW, LOW, LOW

Mortgage rates are approaching their lowest in the past 3 years and may continue to trend down.

Latest 30 year fixed average rates are clocking in at 3.6% vs. 4.6% at this time last year.

30 yr chart

This means that, even as the average home price has increased 3% over last year, your payment would be $178 less, and you’d pay $63,980 less in interest over the life of the loan:

This Year
Mortgage Payment This Year
Last Year
Mortgage Payment Last Year

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