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

 

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Today, I want to touch on an important subject that affects all Be Thankful You Don’t Have to Pay Your Parents’ Interest Rate!

 

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.

 

 

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.

 

Source.. KCM Bill & Fran Jenkins Blog

 

To purchase your dream home or a great foreclosure property, is about being educated, thorough and patient with the process. The most important aspect of finding the perfect home is working with a real estate agent who is highly skilled in negotiation and understanding of your expectations!  

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