Wonder Where Interest Rates Will Be This Winter?

  • Post category:Market

Wonder Where Interest Rates Will Be This Winter?

RateDirection

Or Next Year?

Up!

Your monthly mortgage payment is directly affected by interest rates. The higher the rate, the higher your payment will be. Even a .5% rate increase will significantly increase your mortgage payment.

Now on top of an interest rate rise, home price appreciation will also result in higher payments. Appreciation rose 6.4% over the past 12 months and are forecasted to increase by 4.7% next year.

So the real question is, “Do you want to pay more for a home because of waiting?”

Mortgage-Projections-KCM

Contact Skyrise Real Estate Group today and let's find the right deal for you.

BRE:01338047