*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 have any questions, please contact me, Kristi Harden, today at 951.704.6370 or Kristi@kristihardenrealestate.com
*Infographic provided by my trusted and verified source, KCM.com