Mortgage Rates & Your Monthly Payment
- Amanda R. Stinson
- Jan 14
- 1 min read
Updated: Jan 30
Timing the real estate market can be challenging; however, the optimal time to invest is when you are financially prepared. Interest rates are unpredictable, as they fluctuate frequently. For further insights, please continue reading this blog.
Principal & Interest Payments*
Total monthly payment may vary based on loan specifications such as property taxes, insurance, HOA dues, and other fees. Interest rates used here are for marketing purposes only. Consult a Licensed Mortgage Advisor for current rates.
Sources: Fannie Mae, MortgageCalculator.net, Keeping Current Matters
Moral of the Story
Experts indicate that interest rates are expected to decrease slightly in the coming year; however, some volatility should be anticipated. Therefore, attempting to time the market is not advisable.
Instead, it is more prudent to consider how even a minor change in rates can affect your future mortgage payment. As rates decline, even marginally, your monthly payment for your next home will also decrease.
If you would like to explore how this might vary at different price points, please connect with an agent or lender.
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