“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 Mac, rates 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.
Thinking About Using Your 401(k) To Buy a Home?
Before you decide to dip into your retirement to buy a home, be sure to consider all possible alternatives and talk with a financial expert.
Homeowner Net Worth Has Skyrocketed
Buying a home can be a great way to grow your net worth, since home values have a tendency to rise over time, meaning you have more equity.
Reasons To Sell Your House Before the New Year
Selling now, while other homeowners may hold off until after the holidays, can help you get a leg up on your competition.
Don’t Believe Everything You Read About Home Prices
If you believe home prices are falling, it may be time to get your insights from the experts, and they’re saying prices are climbing.
Foreclosures and Bankruptcies Won’t Crash the Housing Market
Foreclosure filings are inching back up to pre-pandemic numbers, BUT they’re still way lower than when the housing market crashed in 2008.
Affordable Homeownership Strategies for Gen Z
One of your best resources on the journey as a young homebuyer is a trusted real estate agent.
.jpg ){kind=logo}
