How Increased Interest Rates Will Affect Homebuyers

 
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Manage episode 220856482 series 2383780
By Amy Wengerd. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
Numerous people have asked me lately how the recent increases in interest rates will affect them as future homebuyers. It’s a good question, as interest rates are the highest they’ve been since May 2011. Let me explain what it means for those who want to purchase a home: This time last year, in the 4th quarter of 2017, the principal and interest payment on a $150,000 home was $760. Now, with those interest rates at 5%, the same payment would be $810. That’s a $50 increase in a very short period of time. “If you’re considering purchasing a home in the near future, we need to talk.” I’ll say this: If you’re considering purchasing a home in the near future, we need to talk right away to help you find the most home for your money. We’ll provide you with our exclusive home shopper-savings information, which can save you thousands when you buy a home. And, we can still save you money even after you buy. We’d love to show you how our system works. For a free, private appointment with one of our buyer specialists, send me an email at Amy@SoldByWengerd.com. We can also provide you with a list of homes that haven’t even hit the market yet, or a consultation with one of our lenders who can answer payment questions, compare loan programs, and give you the best option for your situation. We look forward to hearing from you.

30 episodes