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Be Thankful You Don’t Have To Pay Your Parents’ Interest Rate!

Posted by David E. DeChant on Thursday, March 29th, 2018 at 10:19am.

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.

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.

 

 

 

 

 

Source: https://www.keepingcurrentmatters.com/2018/03/28/be-thankful-you-dont-have-to-pay-your-parents-interest-rate/ 

 

 

3 Responses to "Be Thankful You Don’t Have To Pay Your Parents’ Interest Rate!"

99% Of Experts Agree: Home Prices Will Increase wrote: [...]Links

Be Thankful You Don’t Have To Pay Your Parents’ Interest Rate!
Buyer Demand Still Outpacing The Supply Of Homes For Sale
Buyer Demand[...]

Posted on Friday, March 30th, 2018 at 9:44am.

The Cost Of Renting Vs. Buying Today [INFOGRAPHIC] wrote: [...]Links

99% Of Experts Agree: Home Prices Will Increase
Be Thankful You Don’t Have To Pay Your Parents’ Interest Rate!
Buyer Demand Still Outpacing The Supply Of Homes For Sale




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Posted on Monday, April 2nd, 2018 at 10:28am.

NOT Owning Your Home Can Cost You A Lot Of Money! wrote: [...]Today [INFOGRAPHIC]
99% Of Experts Agree: Home Prices Will Increase
Be Thankful You Don’t Have To Pay Your Parents’ Interest Rate!




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Posted on Tuesday, April 3rd, 2018 at 9:46am.

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