Cost Across Time – Lock in Your Rate NOW!

I found this interesting graphic on how interest rates have varied since the 1970’s.  Interesting that we now pay over $700 per month LESS for the same mortgage as we would have done in the ’70s.  And think of how much further the money went then; $700 a month was a great deal of money.  The moral of the story?  Lock in a 30 year rate now while the rates are low.  Buy your dream home because with interest rates this low you can enjoy a much more expensive home than you could in previous years.  Our prices in southwest Florida are very low also, NOW is the perfect time to home shop!  Call me and let’s get started.

 

Courtesy of Keeping Current Matters 2018

Cost Across Time [INFOGRAPHIC] | MyKCM

Some Highlights:

  • With interest rates still around 4.5%, now is a great time to look back at where rates have been over the last 40 years.
  • Rates are projected to climb to 5.1% 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!

I can put you in touch with wonderful mortgage brokers who will help you with the entire process.  We find your dream home and they work out the financing!

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