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.

Jim the Realtor

Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!

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