Taking Advantage of Homebuying Affordability in Today’s MarketEveryone is ready to buy a home at different times in their lives, and despite the health crisis, today is no exception. Understanding
Across Time
Dated: 12/04/2019
Views: 91
The Cost Across Time [INFOGRAPHIC]
![The Cost Across Time [INFOGRAPHIC] | MyKCM](https://files.mykcm.com/2019/11/21055835/20191122-MEM-1046x808.jpg)
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.
Joanne Mills
Joanne Mills is the Broker Owner of Exit Family Realty in Lindenhurst, NY. Joanne’s has created of brokerage of highly motivated, professional associates making a powerful, positive impact on client....
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The number of bedrooms listed above
