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Be Thankful You Don’t Have to Pay Your Parents’ Interest Rate – Catherine Wood

RE/MAX NEXUS blogging posts - Catherine Wood Realtor

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.

RE/MAX NEXUS blogging posts - Catherine Wood Realtor

Bottom Line

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
Serving the Front Range Since 1989


11409 Business Park Circle, Suite 100

Firestone, CO 80504


Office: 970-295-4760

Fax: 720-247-9228

Email: Homes@NexusForSale.com