How Mortgage Rates Affect Your Monthly Payment
Some Highlights
- Experts say rates will come down slightly in the year ahead – but some volatility is expected. So, you shouldn't try to time the market.
- Instead, it's better to focus on how even a small change impacts your future mortgage payment. As rates come down, even a little bit, your monthly payment on your next home will too.
- Want to see what this looks like at a different price point? Connect with an agent or lender.
You may have seen talk online that new home inventory is at its highest level since the crash.
Now that the market is slowing down, homeowners who haven’t sold at the price they were hoping for are increasingly pulling their homes off the market.
