The Cost Across Time

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.

Don’t Fall for the Next Shocking Headlines About Home Prices

Jul 25, 2023

In the coming months, you’re going to see even more headlines that either get what’s happening with home prices wrong or are misleading.

Foreclosure Numbers Today Aren’t Like 2008

Jul 24, 2023

Today, foreclosures are far below the record-high number that was reported when the housing market crashed.

Explaining Today’s Mortgage Rates

Jul 20, 2023

Factors such as inflation, other economic drivers, and the policy and decisions from the Federal Reserve are all influencing mortgage rates today.

Homebuyers Are Getting Used to the New Normal

Jul 18, 2023

One positive trend right now is homebuyers are adapting to today’s mortgage rates and getting used to them as the new normal.

Home Prices Are Rebounding

Jul 17, 2023

Experts believe one of the reasons prices didn’t crash like some expected is because there aren’t enough available homes for the number of people who want to buy them.