Rates are amazingly low.
If you bought a house for $500,000 with 20% down and got a 30yr fixed at 4.375% your monthly payment would be $2,397.
At 6% your monthly payment becomes $2,878 or $481 higher per month. So you’re saving $5,772 per year and over 30 years that equates to $173,160.
Mortgage Rates for 30-Year Loans Decline to Record 4.36%, Freddie Mac Says