What Does the recent increase in rates mean to a Borrower

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If you were buying something for $444,000 with 3.5% down.

Rates have gone up about 1%, which would equate to $247/month increase in the monthly mortgage or $almost $3,000 annually or$90,000 over the life of the loan.

So does it make sense to pay a little more to close the deal?

 

 

- Sunil Sethi

SUNIL SETHI REAL ESTATE

Helping Families Find Homes with Great Schools in Fremont, Newark and Union City.

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