Mortgage rates in 2012 averaged lowest levels in 65 years | Bedford Corners Realtor | Bedford New York Real Estate

“Rates on 30-year fixed mortgages were nearly 0.6 percentage points below that of the beginning of the year, which translates into an interest payment savings of nearly $98,600 over the life of a $200,000 loan,” Nothaft said. “Moreover, opting for a 15-year fixed mortgage at today’s rates, a homeowner could save an additional $138,400 in interest payments.”