Mortgages: How Payments Are Calculated
A mortgage is one of the largest financial commitments most people will make in their lifetime. Understanding how mortgage payments are calculated and
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30-Year Fixed Rate Mortgage Average (1971 - Present)
Current Rate
6.24%
All-Time High
18.45%
All-Time Low
2.67%
50-Year Average
7.76%
Understanding Historical Rates: The chart above shows over 50 years of mortgage rate data. Rates peaked at 18.45% in 1981 during high inflation, hit historic lows below 3% in 2020-2021, and have risen to current levels as the Federal Reserve fights inflation. Use the time range buttons to zoom in on specific periods.
HELOC: How Home Equity Lines of Credit Are Calculated
A Home Equity Line of Credit (HELOC) allows homeowners to borrow against their home's equity with a flexible credit line. Understanding how HELOC
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Smart HELOC Strategy: Using Home Equity to Boost Property Value
A Home Equity Line of Credit (HELOC) can be a powerful tool for strategic home improvements that increase your property value while providing tax advantages.
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Garden Investment: Why Landscaping is a Lifetime Property Value Booster
Investing in your garden and landscaping delivers one of the highest returns on investment in home improvement, often returning 100-200% of costs while providing decades of ongoing value.
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