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. If you’re thinking of buying a home, let’s get together to make your dream a reality. #Homeownership #Buyer #InterestRates #Mortgate #RealEstate #Florida #Orlando #KTSellsFlorida
Katie Tedesco is a FULL-TIME REALTOR® with Watson Realty Corp.