Here's some great information from one of my wonderful preferred partners in Real Estate!
It's pretty amazing that a rate increase of just 2% can impact affordability by as much as $40,000. Rates have been artificially low for some time now due to Fed intervention. As this stimulus is removed, the usual result is for rates to rise. Rates have already started rising just in expectation of a change Fed policy.
If you would like to talk about interest rates and explore your options, give me a call today. I'm happy to help.
This is not an offer to lend. These are educational examples only. Payments are based on 30-year, fixed-rate loans. APRs are calculated here using closing costs of 3% of the loan amount; actual closing costs can be less. These payments do not include property taxes, insurance, mortgage insurance or any possible homeowner's association fee. The stated rates may change or not be available at the time of loan commitment or lock-in.
Axia Home Loans is a registered tradename of Axia Financial, LLC | NMLS 27830
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AXIA HOME LOANS | NMLS 27830 - 5210 CORPORATE CENTER CT SE No.B , Lacey, WA 98503