Zillow Shares Infographic History of Mortgage Rates

Zillow Shares Infographic History of Mortgage Rates An Infographic History of Mortgage Rates by Zillow Another year has ended, and 2013 have been bumpy year in mortgage. With mortgage rates as a big factor in the housing industry, it may be wise to have a quick review of where it was before and how it trended since it was first tracked until the end of last year â€" a noticeable downward trend in the rates of mortgage, and in fact its lowest level in many years which was in 2010. Below is a simple infographic presentation of Zillow on the history of mortgage rates. If you are currently paying your mortgage, this might be a good time to consider refinancing â€" as advised by Zillow. And on the other hand, for those who are planning to own a home, lower rates as of the moment may be a good time to take advantage of getting a mortgage with lower rates that suits your capabilities to own a home. But before getting a mortgage, make sure that you have a well-built and good credit score. Here’s a good way to start building your credit score if you’re planning to apply for a mortgage.