Bar graphs are used to compare things between different groups or to track changes over time. However, when trying to measure change over time, bar graphs are best when the changes are larger. . . . an Area Graph. Area graphs are very similar to line graphs.
The typical bank limit on monthly mortgage payments is about 28 percent of your gross monthly income. Therefore, the bank thinks you can devote up to 28 percent of your household income to your mortgage payment and expenses (including taxes, insurance and association dues).
According to Freddie Mac as of Jan. 28, 2016, fixed-rate mortgages are still low, with a 30-year FRM at a rate of 3.79 percent and 15-year mortgage rates at 3.07 percent. With the current mortgage rates, refinancing a home is an appealing option for those who want to improve their finances.