The Impact of Rising Mortgage RatesPosted by Kathy Gordon on
How are you impacted by Rising Martgage Rates?
You may not see it on your monthly mortgage payments but the amount of money you pay towards paying down your loan will be affected by the interest rate. As the rates rise if you are in a variable position on your home mortgage you will need to be watching for the best time to lock it down to a term so you wont be affected for that period of time. And you ask when is that. Many factors will influence this decision and each families needs and wants are everchanging. And this is when you need to contact some experts and explain your position and just how the rise will affect you and your property and financial concerns. As a seller your potential buyers will be looking to buy before rates rise even higher…
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