Kayla’s Open House Report
Mortgage rates went up 0.25% this week, which means someone who is borrowing $750,000 will be looking at an extra $109 per month.
To put it in perspective, the payment goes up from $3,581 to $3,690. If that’s comfortable payment, the extra bump isn’t that big of a deal.
Rates going up to 4.50% probably won’t be either.