Be Thankful You Dont Have To Pay Mom And Dads Interest Rate

Be Thankful You Dont Have To Pay Mom And Dads Interest Rate

Image title

Interest rates have hovered around 4% for the majority of 2017, which has given many buyers relief from rising home prices and has helped with affordability. Experts predict that rates will increase by the end of 2017 and will be about three-quarters of a percentage point higher, at 4.5%, by the end of 2018.

Last week’s Freddie Mac Primary Mortgage Market Survey revealed that interest rates for a 30-year fixed rate mortgage have fallen to their lowest mark this year, at 3.88%. This is great news for homebuyers looking to purchase and homeowners looking to refinance.

The rate you secure greatly impacts your monthly mortgage payment and the amount you will ultimately pay for your home.

Let’s take a look at a historical view of interest rates over the last 45 years.

Be Thankful You Don’t Have to Pay Mom and Dad’s Interest Rate | Keeping Current Matters

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. Start your Connecticut Home Search now: http://bit.ly/2o9Z79q 


Kris Morin Headshot
Author:
Phone: 860-982-0187
Dated: July 5th 2017
Views: 35
About Kris: ...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Chores To Keep Your House In Check - Chores To Keep Your House In
What If I Wait Until Next Year To Buy A Home - What If I Wait Until Next Year to
Why Buying Bigger Isnt Always Better -  When buying a new house,
Overlooked Record Keeping - Homeowners are familiar that they

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

eXp Realty Connecticut
Broker of record located at: 15 North Main St, Suite 100
West Hartford, CT
860-946-4426