“According to Freddie Mac, rates are projected to increase to 3.9% by this time next year.”

 

 

Some Highlights:

  • With interest rates around 3.66%, now is a great time to look back at where they’ve been over the past few decades. Comparatively, they’re pretty low!
  • According to Freddie Macrates are projected to increase to 3.9% by this time next year.
  • The impact your interest rate has on your monthly mortgage payment is significant. An increase of just $20 dollars in your monthly payment can add up to $240 per year and $7,200 over the life of your loan.
  • Maybe it’s time to lock in now, while rates are still historically low.

 

To view original article, visit Keeping Current Matters.

Do Elections Impact the Housing Market?

Do Elections Impact the Housing Market?

While Presidential elections do have some impact on the housing market, the effects are usually small and temporary. For help navigating the market, election year or not, let’s connect.

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