Be Thankful You Don’t Have to Pay Your Parents’ Interest Rate – Catherine Wood
Interest rates hovered around 4% for the majority of 2017, which gave many buyers relief from rising home prices and helped with affordability.
In the first quarter of 2018, rates have increased from 3.95% up to 4.45% and experts predict that rates will increase even more by the end of the year.
The rate you secure greatly impacts your monthly mortgage payment and the amount you will ultimately pay for your home. Don’t let the prediction
that rates will increase stop you from purchasing your dream home this year.
Let’s take a look at a historical view of interest rates over the last 45 years.
Be thankful that you can still get a better interest rate than your older brother or sister did ten years ago, a lower rate than your parents did
twenty years ago, and a better rate than your grandparents did forty years ago.
Catherine Wood 303.931.9746
Serving the Front Range Since 1989