How a 1/2 Point Interest Rate Change Effects a Monthly Mortgage
Interest rates just took a significant drop.
On Oct 23rd, 30-year fixed loan interest rates were averaging 8.45%, and today they are averaging 7.92%.I know what you’re probably thinking: that’s not huge.
BUT did you know that is approximately a $150 monthly savings on a $600K house? $150 savings would be awesome, right?
Interest rates aren’t everything when considering if you should make a move right now.
There are many other factors, too. If you want to have a conversation to see if it makes sense to make a move right now or move later, give me a call.
We are here for a no-pressure conversation to answer any questions you have about the current real estate market.