![Mortgage Rates by Decade Compared to Today [INFOGRAPHIC] | Simplifying The Market](http://sibleyrealtygroup.com/wp-content/uploads/2016/10/www.simplifyingthemarket.comwp-contentuploads20161020161007-Mortgage-Rates-STM-b526652d0ba645dd76e03bc394ccd849c2a8f585.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.
