How Interest Rates Affect Mortgage Payments [Infographic]

With interest rates at historic lows, home buyers waiting on the sidelines may find themselves paying more in the near future as rates creep higher.
Below is an Infographic from the California Association of Realtors which shows us how interest rates affect mortgage payments.
Share your thought. Where do you think interest rates will be 1 year from now?

About Daniel Di Matteo

Realtor at CENTURY 21 Award, Daniel was Voted U-T San Diego’s Best Real Estate Agent in 2014. A Husband, Father, and most recently, accomplished Blog writer, which explains your visit today.