Numerous people have asked me lately how the recent increases in interest rates will affect them as future homebuyers. It’s a good question, as interest rates are the highest they’ve been since May 2011. Let me explain what it means for those who want to purchase a home:
This time last year, in the 4th quarter of 2017, the principal and interest payment on a $150,000 home was $760. Now, with those interest rates at 5%, the same payment would be $810. That’s a $50 increase in a very short period of time.
I’ll say this: If you’re considering purchasing a home in the near future, we need to talk right away to help you find the most home for your money. We’ll provide you with our exclusive home shopper-savings information, which can save you thousands when you buy a home. And, we can still save you money even after you buy.
We’d love to show you how our system works. For a free, private appointment with one of our buyer specialists, send me an email at Amy@SoldByWengerd.com. We can also provide you with a list of homes that haven’t even hit the market yet, or a consultation with one of our lenders who can answer payment questions, compare loan programs, and give you the best option for your situation. We look forward to hearing from you.