Goes Back to the Future with Mortgage Rates Infographic

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The latest infographic details how much interest a homebuyer would pay on a $300,000 mortgage taken out between 1971 and 2013.

On November 21, 2012, 30-year fixed rate mortgage averages reached an all-time low of 3.31 percent. We may never see rates like that again, but hopefully we’ll never see the rates of the 80s and 90s either.

The latest infographic takes borrowers back in time to examine mortgage loan interest rates.

Consider this: if you bought a $300,000, four bedroom, four bathroom home in 1991, you would have had a 9.25 percent interest rate and paid $2,468 a month. That same home would have cost you $3,503 in 1982, when the interest rate was a sky high 16.7 percent.

If you bought that same home in 1985, when the interest rate was 12.03 percent, you would have paid over $800,000 in interest over 30 years, enough to buy 32 Deloreans.

That same home today, under a 3.5 percent interest rate, would cost you almost half the interest, enough to buy over 600 brand new iPhones.

To put it another way, today’s $1,347 monthly payment would be almost half of what you would have paid 22 years ago, all thanks to today’s low rates.

For the full infographic, please visit

For additional information on mortgage loan interest rates please visit

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