Mortgage Rates by Decade

A recent post from KeepingCurrentMatters.com blog provided information on mortgage rate trends over the past decades.

This table shows the average 30-year fixed mortgage rates and approximate payments for a $200,000 mortgage (principal and interest only).

Interest rates are still at historic lows.  This is a great time to lock in your housing cost and protect yourself from increasing rents, or refinance your current mortgage.