BRIAN BIRK | 4-MINUTE READ Even if mortgage rates are rising, there can be a variety of reasons why a consumer might choose to refinance their mortgage. Here are a few: Switch from an Adjustable-Rate Mortgage (ARM) to a Fixed-Rate...
Today's interest rates compared to the 1980's The highest mortgage interest rates in the United States occurred in the early 1980s. In 1981, the average interest rate for a 30-year fixed-rate mortgage was around 18%, which is significantly higher than...
