Be Thankful You Dont Have To Pay Your Parents Interest Rate

Dated: 03/29/2018

Views: 64

Be Thankful You Don’t Have to Pay Your Parents’ Interest Rate!

Be Thankful You Don’t Have to Pay Your Parents’ Interest Rate! | MyKCM

Interest rates hovered around 4% for the majority of 2017, which gave many buyers relief from rising home prices and helped with affordability. In the first quarter of 2018, rates have increased from 3.95% up to 4.45% and experts predict that rates will increase even more by the end of the year.

The rate you secure greatly impacts your monthly mortgage payment and the amount you will ultimately pay for your home. Don’t let the prediction that rates will increase stop you from purchasing your dream home this year.

Let’s take a look at a historical view of interest rates over the last 45 years.

 

Be Thankful You Don’t Have to Pay Your Parents’ Interest Rate! | MyKCM

Bottom Line

Be thankful that you can still get a better interest rate than your older brother or sister did ten years ago, a lower rate than your parents did twenty years ago, and a better rate than your grandparents did forty years ago.

Latest Blog Posts

Is Family Mortgage Debt Out Of Control

Is Family Mortgage Debt Out of Control?Some homeowners have recently done a “cash out” refinance and have taken a portion of their increased equity from their house. Others have sold their homes

Read More

Rising Prices Help You Build Your Familys Wealth

Rising Prices Help You Build Your Family’s WealthOver the next five years, home prices are expected to appreciate, on average, by 3.6% per year and to grow by 18.2% cumulatively, according to

Read More

The Cost Of Your Next Home Will Be LESS Than Your Parents Home Was

The COST of Your Next Home Will Be LESS Than Your Parents’ Home WasThere is no doubt that the price of a home in most regions of the country is greater now than at any time in

Read More

House Prices Simply A Matter Of Supply And Demand

House Prices: Simply a Matter of Supply & DemandWhy are home prices still rising? It is a simple answer. There are more purchasers in the market right now than there are available homes for them to

Read More