Interest rates are at historical lows right now. People within the real estate industry are mentioning how it’s a great time to buy a home because of this. Everyone assumes low interest rates obviously save you money on your monthly payment and how much you pay in the long run, but do you know how significant it really is? I’m going to breakdown some examples on how much interest rates really affect your mortgage. I must first bring up the difference between interest rates and annual percentage rate (APR). The interest rate is  the annual cost of a loan for a borrower. The APR the annual cost of a loan…