How will you feel? Will it change?

By
Real Estate Agent with Keller Williams Real Estate

how will you feelAs we live our lives it seems that change is the only constant in them. There was a lot of speculation last January that interest rates would increase right beside home prices. And while it is true that home prices have increased in most U.S. markets over the last five years, mortgage rates today are lower that they were a year ago.


So let’s look at some numbers. If current interest rates were to increase by 1 percent over the next year and homes kept appreciating to 6 percent during the same time, a $250,000 home would increase in value by $15,000 and the monthly payment would be $211.53 more each month for the length of the mortgage. This increase would add up to $17,769 over the next seven years. CONTINUE READING--->

 

Posted by

Thierry Roche

Host of Talk Radio’s ‘Inside Real Estate’

Keller Williams Real Estate

 

703-303-4010

 

www.ThierryRoche.com

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Buying

Spam prevention
Show All Comments
Rainmaker
4,433,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I hope prospective  home buyers will read this and buy a home.

Jul 30, 2016 11:06 PM #1
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?