![]() How Will This Impact Your Mortgage Payment?Depending on the amount of the loan that you secure, a half of a percent (.5%) increase in interest rate can increase your monthly mortgage payment significantly. According to CoreLogic’s latest Home Price Index, national home prices have appreciated 6.0% over the last year and are predicted to be 5.4% higher next year. If both the predictions of home prices and interest rate increases become a reality, families will wind up paying considerably more for their next home. Bottom LineEven a small increase in interest rate can impact your family’s wealth. I would love to schedule a meeting to help you evaluate your ability to purchase your dream home. Give me a call or shoot me an e-mailand we can sit down for coffee and have a chat. Bunny
|
Bunny Terry 505.504.1101
20 Vereda Serena Santa Fe, NM 87508