- 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