Tuesday, September 21, 2010

Just how low are interest rates?

Pretty Damn low. Check out this graph:



Via www.mortgage-x.com

If we just compare rates in June of this year to the present we find a drop off of .37% on a 30-year fixed mortgage, while 15-year fixed loans are .38% lower.

On a $500,000 loan, that amounts to a savings of about $1,900 per year.

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