With interest rates around 3.66%, now is a great time to look back at where they’ve been over the past few decades. Comparatively, they’re pretty low!
According to Freddie Mac, rates are projected to increase to 3.9% by this time next year.
The impact your interest rate has on your monthly mortgage payment is significant. An increase of just $20 dollars in your monthly payment can add up to $240 per year and $7,200 over the life of your loan.
Maybe it’s time to lock in now, while rates are still historically low.
The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Trevino Properties does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Trevino Properties will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.
The team at Trevino Properties is a group of highly skilled and experienced real estate professionals who are dedicated to helping their clients navigate the complex real estate market. With a focus on the homes and lifestyles of Silver Lake, Eagle Rock, Mount Washington, Los Feliz, and Echo Park, they have in-depth knowledge of the local market and its unique features.
Their passion for real estate, combined with their expertise and personalized service, sets them apart from other real estate firms. The team at Trevino Properties is committed to providing the highest level of service to their clients and always working in their best interests to achieve their real estate goals.
If you’re on the fence about selling your house, it’s worth considering all the reasons why moving could make sense for you. If you find your home no longer meets your needs, it may be time to sell. You have a lot to consider when deciding if you should move. Let’s connect today to go over the benefits of selling your house.