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?
How Interest Rates Affect Mortgage Payments [Infographic]
February 12, 2013 by Daniel Di Matteo
Filed Under: Real Estate Infographics Tagged With: Home buying, home loan, interest rates, mortgage, payments, real estate
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.