Did you know that if rates go up to just 6% from 4.5% that equals about $0.93 per $1,000 of principal and interest on a 30 year mortgage? 6% might sound high right now but when I bough a home in 1995 the rates were at 9.5%. Just ask those who bought before that when they were in the teens!
YES, that is $93 a month on only a $100,000 mortgage. That is an extra $33,480 of just interest over those 30 years!!
That is why people need to see the importance of these low rates and do whatever they can to buy! If you need help with getting started, JUST ASK!! That is why I am here!