How Much Does a 1% Difference in a Mortgage Rate Make?

how much difference does 1% in a mortgage rate make?

Homes have been flying off the market because the supply is so low and buyers greatly outnumber sellers in most markets. Many people are jumping into the market in hopes of becoming a homeowner before mortgage rates rise. Let’s say rates do rise a full 1 percent by the end of the year. How much … Read moreHow Much Does a 1% Difference in a Mortgage Rate Make?