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Health & Fitness

Why Are Mortgage Interest Rate Going Up?

Funny and insightful video on why interest rates are on the up trend.

Mortgage interest rates have been climbing the past month. What impact on you the home-buyer with this trend?

If you want to borrow $300,000 today it will cost you over the life of the loan and additional $80K than if you had got your mortgage last month. The day of 3.5% interest rate for homes are over.

For a funny yet insightful explanation of rising interest rates watch this short video my friend Rich Iacovetta made. You will get a good laugh along with some information that will be useful to you.

Click this link to see Rich's video. 

If you are looking to buy a home now would be the time. Please call/text/email me if you have any questions or want some help. 650-346-7366

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