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

Dated: 07/05/2017

Views: 48


Be Thankful You Don’t Have to Pay Mom and Dad’s Interest Rate



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


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 | MyKCM

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.mykcm.com/2017/07/05/be-thankful-you-dont-have-to-pay-mom-and-dads-interest-rate/


www.RaulAcuna.com

#RaulAcunaRealtor #TeamRaulAcuna #RemaxTime #RealEstate #Mortgage #HomeLoans #InterestRates #HomeBuyers #Buyers 

Blog author image

Raul Acuna - CA BRE #01708572

Raul Acuña - Raul has been in the Real Estate Industry since 2005. Raul began working at an REO brokerage before opening his own REO company in 2010. Raul has a business degree from Cal Poly Pomona, ....

Want to Advertise on this Site?

Latest Blog Posts

Are We About To Enter A Buyers Market

Home sales are below last year’s levels, home values are appreciating at a slower pace, and there are reports showing purchasing demand softening. This has some thinking we may be entering a

Read More

Fall Brings Price Drops For A Quarter Of Homes

Fall Brings Price Drops for a Quarter of HomesShare of homes with price drops reached a record-high in SeptemberSigns continue to point toward a changing market that’s letting homebuyers

Read More

Thinking Of Selling Your Home Why You Need A Pro In Your Corner

With home prices on the rise and buyer demand strong, some sellers may be tempted to try and sell their homes on their own (FSBO) without using the services of a real estate professional.Real estate

Read More

Coming Soon

Coming Soon!! Horsethief CanyonComing soon to the Horsethief Canyon area. This lovely 3 Bed, 2 bath, home with 1,312 sq ft of living space, on a 8,276 sq ft lot. Will be hitting the market by

Read More