The Cost Across Time [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • With interest rates still around 4.5-4.7%, now is a great time to look back at where rates have been over the last 40 years.
  • Rates are projected to climb to 5.0% by this time next year according to Freddie Mac.
  • The impact your interest rate makes on your monthly mortgage cost is significant!
  • Lock in a low rate now while you can!
  Even a 1/2 percent rise is interest rates will have a SIGNIFICANT effect on a home buyer's purchasing power.  The interest rate has a direct effect on a person's income to debt ratio.  Lenders this ration to calculate a client's maximum available mortgage. If you have any questions please call/text Frank at 916-256-0893 or email Frank@frankvalente.com