Another common question we get is...
'What is happening with Interest Rates?'
I have always felt like everybody in the Industry likes to advance the idea that
Interest rates are always going to go up.
This motivates Buyers that there is a sense of urgency, and they should 'Buy Now'.
The truth is, I have No Idea what is going to happen with Interest Rates.
I know there are factors that affect Rates.
But Nobody knows whats going to happen to them either.
Below is an example of a $250,000 Loan with Interest Rates of
4.5% - 4% - 3.5% - 3% with 20% down for 15 Yrs
If Rates go up 1% it can change your monthly payment $144 a month or $1,728 a year.
PAST 12 MONTHS
PAST 40 YEARS