inception-app-prod/ODU4ZWY2NTMtNzE5MC00ZGEwLWE3NmItMWE2ZDRiZWE1NGE5/content/2022/03/68c10e0aab299f3fb939c6eb71880423681e4c0e.png
YOUR MULTIFAMILY INVESTMENT GUIDE
  • Home
  • Buy
    • Featured Listings
  • Sell
    • What our buyers are looking for
    • Maximizing Your Property Value
    • Calculate Your Property Value
  • About
    • Meet The Team
    • Testimonials
    • Blog
    • Contact
inception-app-prod/ODU4ZWY2NTMtNzE5MC00ZGEwLWE3NmItMWE2ZDRiZWE1NGE5/logo/2020/04/2020-stiles-head-shot-no-background.png
612-584-1345
Sign In
Sign Up
inception-app-prod/ODU4ZWY2NTMtNzE5MC00ZGEwLWE3NmItMWE2ZDRiZWE1NGE5/content/2022/03/68c10e0aab299f3fb939c6eb71880423681e4c0e.png
YOUR MULTIFAMILY INVESTMENT GUIDE
  • Home
  • Buy
    • Featured Listings
  • Sell
    • What our buyers are looking for
    • Maximizing Your Property Value
    • Calculate Your Property Value
  • About
    • Meet The Team
    • Testimonials
    • Blog
    • Contact
inception-app-prod/ODU4ZWY2NTMtNzE5MC00ZGEwLWE3NmItMWE2ZDRiZWE1NGE5/content/2022/03/68c10e0aab299f3fb939c6eb71880423681e4c0e.png
YOUR MULTIFAMILY INVESTMENT GUIDE
inception-app-prod/ODU4ZWY2NTMtNzE5MC00ZGEwLWE3NmItMWE2ZDRiZWE1NGE5/content/2018/02/rising-mortgage-rates-cover.jpg

Mortgage Rates Predicted To Rise In 2018. If You Want To Buy, Now Is The Time

inception-app-prod/ODU4ZWY2NTMtNzE5MC00ZGEwLWE3NmItMWE2ZDRiZWE1NGE5/logo/2020/04/2020-stiles-head-shot-no-background.png
John Stiles,02/16/2018

Buying a home is about to get a lot more expensive.

According to a recent report from Freddie Mac, mortgage interest rates are predicted to rise in 2018. The rate for a 30-yr fixed-rate mortgage was 3.9% in Q4 of 2017, and it is forecasted to jump an entire percentage point to 4.9% by the end of 2018.

A percentage point might not seem like much, but it makes a huge difference in how much you'll pay for your home over the length of your mortgage. If you took out a $350,000 30-yr fixed rate mortgage, your monthly payment at 3.9% would be $1650.84. At 4.9%, it would be $1857.54 - and you'd pay a whopping $74.413.73 more in interest over the course of the loan.

If you're thinking about buying, now is the time to do it. If you push off buying a home until later in the year, you're likely going to face significantly higher mortgage rates - and end up paying tens of thousands (or even hundreds of thousands) of dollars more for your home than you would if you made the purchase today.

Print Details
Previous post
Next post
Misconceptions About Buying A Home Are Blocking Eligible Buyers From Becoming Homeowners
4 Hidden Costs Of Not Owning A Home

Have a question?

Send
Submitting
Succes! Your message was sent!
Oops! Error occurred.

Search listings

Enter city, zip, neighborhood, address…
Loading in progress…
No results found
Type in anything you’re looking for
Search

Office

Bridge Realty
1101 E 78th #300Bloomington
MN 55420
612-554-7794

Resources

  • Calculate Property Value
  • Exit Strategies

Explore Opportunities In

  • Minneapolis
  • St. Paul
  • Hennepin County
  • Ramsey County

Consumer Protection & Privacy

  • Accessibility
  • DMCA Compliance
For ADA assistance, please email compliance@placester.com. If you experience difficulty in accessing any part of this website, email us, and we will work with you to provide the information.
inception-app-prod/ODU4ZWY2NTMtNzE5MC00ZGEwLWE3NmItMWE2ZDRiZWE1NGE5/logo/2017/04/Bridge - small.jpg

© 2022 All rights reserved

Created with Placester

Sign in

Sign In
Forgot your password?
Create an account
You have been successfully logged in
The page will reload automatically.
Go to the homepage
Sorry something went wrong
Login or password are incorrect. Please try again.
Try again

Sign Up

Sign Up
Already a User? Sign In
You have been successfully registered
Please check your email.
Go to the homepage
Sorry something went wrong
Please try again.
Try again

Reset password

Reset password
Return to Log In
Reset password email has been sent.
Go to the homepage
Sorry something went wrong
Please try again.
Try again

Change password

Change password
Sign Up
Your password has been successfully reset.
Go to the homepage
Sorry something went wrong
Please try again.
Try again
Send
Succes! Your message was sent!
Back to homepage
Oops! Error occurred.
Please try again.
Back to form
Already a User? Sign In

Account verification in progress

Account Verified!
You may now log in into your account
Go to the homepage
Verify your email address
In order to log in to your account, you need to confirm your email address. Please check your inbox!
Go to the homepage

Share this listing

Copy Link