- Avil Soleiman
Mortgage Rates by Decade Compared to Today [INFOGRAPHIC]
![Mortgage Rates by Decade Compared to Today [INFOGRAPHIC] | Simplifying The Market](https://static.wixstatic.com/media/a54a47_8f8c6ccd27d74e009d9b9628914a25bb~mv2.jpg/v1/fill/w_1000,h_750,al_c,q_90,usm_0.66_1.00_0.01/a54a47_8f8c6ccd27d74e009d9b9628914a25bb~mv2.jpg)
Some Highlights:
The interest rate you secure for your mortgage greatly influences your monthly housing costs.
In the 1980s, 30-year fixed mortgage rates averaged in the high 12s making the monthly principal and interest payment over $2,000.
Interest rates are still at historic lows; this is a great time lock in your housing cost and protect yourself from increasing rents, or refinance your current mortgage.