Infographics
How Mortgage Rates Affect Your Monthly Payment
Some Highlights
- Experts say rates will come down slightly in the year ahead – but some volatility is expected. So, you shouldn’t try to time the market.
- Instead, it’s better to focus on how even a small change impacts your future mortgage payment. As rates come down, even a little bit, your monthly payment on your next home will too.
- Want to see what this looks like at a different price point? Connect with an agent or lender.
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Some Highlights
- Are you wondering what to expect if you buy or sell a home in the second half of the year? Here’s what the expert forecasts tell you.
- Mortgage rates are expected to come down slightly. There will be more homes available for sale. And as inventory rises, home price growth will moderate.
- Want to know what this could mean for your plans? Connect with a local agent and talk through it together.
Some Highlights
- Once your offer is accepted, an inspector will assess the condition of the house, including things like the roof, foundation, plumbing, and more.
- That information is incredibly important and paves the way for you to re-negotiate with the seller, as needed. So, you don’t want to skip this step.
- An inspection is your chance to avoid costly headaches and get peace of mind. Connect with an agent to talk about other ways to make your offer stand out.
Some Highlights
- Thanks to recent home price appreciation, homeowners have near record amounts of equity – and you may too. On average, homeowners have $311K worth of equity.
- Once you sell, you can use it to fund your down payment on your next home or maybe even to buy a smaller house in cash.
- If you want to find out how much equity you have, connect with an agent. Because it may make a move a lot more feasible than you’d think.
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