How Interest Rates Affect You

Let's discuss three major ways interest rates affect you and your homebuying experience. It may not be all doom and gloom. Take these three items into consideration.

1. How the interest rate affects the monthly payment for the price of the house. Is it still manageable in your budget?

2. Interest rates can be refinanced. The rate you get now is able to change in the future.

3. Historically... we're still low.

Bottom Line: Interest rates are still low in have no forecast of ever getting as low as they were in the last few years.

And in the end - it's always better to own than to rent. 

Post a Comment