what are the current interest rates

Dynamic Interest Rates

Dynamic Interest Rates

WOW!  One of my buyers locked an interest rate of 3.85%! Interest rates, just like stock, are extremely dynamic and constantly changing.  With the housing economy bouncing back after a 5 year dry spell, interest rates have climbed in response.  Last summer 2013 we watched rates climb steadily and then all at once – in the span […]

How does a 1% interest rate affect mortgage payment?

How does a 1% interest rate affect mortgage payment?

It’s a common understanding that lower interest rates mean lower mortgage payments.  As the economy continues to improve, interest rates will continue to increase.  With current rates hovering around 4.25%, it’s likely that they’ll increase to above 5% by the end of 2014.  The infographic below (presented by Zillow.com) shows how this impacts buyer mortgage […]