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Noel Veitia

NMLS ID 277729

305-851-5225 nveitia@dgpinnacle.com

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The Cost Across Time [INFOGRAPHIC]

The Cost Across Time [INFOGRAPHIC]

November 28th, 2019 | First Time Home Buyers, For Buyers, infographic, interest rates, Move-Up Buyers

Some Highlights:

  • 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 Macrates 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.