How Mortgage Rates Affect Your Monthly Payment

Experts say rates will come down slightly in the year ahead – but some volatility is expected.

Experts say rates will come down slightly in the year ahead – but some volatility is expected.
Are you thinking about making a move?
It’s clear the 2022 housing market has been defined by rising mortgage rates. With rates on the rise, it’s also become more costly to purchase a home. According to the National Association of Realtors (NAR): “Compared to one year ago, the monthly mortgage payment rose to $1,944 from $1,265, an increase of 53.7%.” If you’re…
Recent headlines may leave you wondering what’s next for mortgage rates.
In July, the average 30-year fixed-rate mortgage fell below 3% for the first time in history.1 And while many Americans have rushed to take advantage of this unprecedented opportunity, others question the hype. Are today’s rates truly a bargain? While average mortgage rates have drifted between 4% and 5% in recent years, they haven’t always…
Or is the better question: CAN I sell my timeshare in Florida? I get questions from colleagues around the country asking for referrals here in Florida for agents that can sell a timeshare. Since it’s the magical time of the year when folks start planning for their winter get-aways down to Sunny Florida, here…
It feels like everything is getting more expensive these days.