Do you want content like this delivered to your inbox?
Share

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

Share

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

Juan Murray

Juan began his real estate career in 1994 as their Housing Rehabilitation Director for the Neighborhood Assistance Corporation of America (NACA), a na...

Juan began his real estate career in 1994 as their Housing Rehabilitation Director for the Neighborhood Assistance Corporation of America (NACA), a na...

Mar 30 2 minutes read

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.

Selling Your Home? 

Get your home's value - our custom reports include accurate and up to date information.

Get Home Value
We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies. More info