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The Cost Across Time [INFOGRAPHIC]

 

Some Highlights:

  • With interest rates around 3.66%, now is a great time to look back at where they’ve been over the past few decades. Comparatively, they’re pretty low!
  • According to Freddie Mac, rates are projected to increase to 3.9% by this time next year.
  • The impact your interest rate has on your monthly mortgage payment is significant. An increase of just $20 dollars in your monthly payment can add up to $240 per year and $7,200 over the life of your loan.
  • Maybe it’s time to lock in now, while rates are still historically low.

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Under normal circumstances, I am confident The DeGrood Team would be great because when we bought our very first home during the pandemic, they were phenomenal! Always available to answer any questions we had and everyone we worked with on the team followed up promptly despite the crazy state of affairs. We would recommend working with the DeGrood Team to anyone!
Ann R.