The Impact of Changing Mortgage Rates [INFOGRAPHIC]
The Mullin Message
If you’re looking to buy a home, you should know even a small change in mortgage rates has an impact on your purchasing power.
These charts show how rates generally affect your monthly payment.
The best way to navigate changing mortgage rates and make an informed buying decision is to decide on what you REALLY want personally in terms of your lifestyle and evaluate the real impact in both numbers and intangible benefits and make the decision that's right for you and your family regardless of what the CURRENT interest rate environment is.
Rates change daily, and re-financing can be a solution in the future for falling rates, but where you wake up every day is a more permanent and impactful decision.