The design elements of the Facebook Logo.įrom a local website started in a college student’s dorm room to a social media giant with 2.19 billion active users and significant influence on the global stage, the history of Facebook is one of the most interesting stories that any company is able to boast. However, there’s also some significance to the color scheme itself as blue and white have long been used in combination to represent purity and optimism. As already mentioned, the blue and white color scheme was a purposeful choice based on Mark Zuckerberg’s vision condition. The Facebook logo features a relatively simple and straightforward design, with the white lowercase font on a blue background. The Facebook logo and brand is one of the most recognized brands in the world. Learn more about how a mortgage works here.Take a look at the Facebook Logo and the history behind the company. Should you fail to make your payments over time, the lender can foreclose on, or repossess, your property. (You can also pay off your mortgage early, but there are both pros and cons to be aware of.)īecause a mortgage is a secured loan, it means you put your property up as collateral. You pay back the lender over an agreed-upon amount of time, including an additional interest payment, which you can consider the price of borrowing money. The amount of time you take to pay off the loanĪ mortgage is a type of secured loan used to purchase a home.Key determining factors that you do have control over include: Therefore, it's a factor that is beyond your control. The Federal Reserve adjusts the federal funds rate as part of its effort to control inflation. Others you can influence.įor instance, the federal funds rate - the interest rate banks charge when they lend to each other - has an influence on all sorts of other interest rates, including those on mortgages. Multiple factors affect the interest rate you'll pay on a mortgage.
Wyoming How are mortgage rates determined? Average mortgage interest rate by stateĬheck the latest rates in your state at the links below. Most major forecasts expect rates to start dropping again in the second half of 2023. Thirty-year fixed mortgage interest rates hit a low of 2.65% in January 2021, according to Freddie Mac. Rates throughout 2020 and into 2021 were lower than rates at the depths of the Great Recession.
Throughout 2020, the average mortgage rate fell drastically due to the economic impact of the coronavirus crisis. Average 30-year fixed mortgage rate (January)
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