Snapshot: The impact of interest rates on your mortgage payment

So, a 0.88% increase in interest rates will cost a buyer $89.44 more per month.
-That translates to an extra $1073.28 out of your pocket per YEAR.
-Over the life of a 30 year loan, that would be an extra $32,198.40!!!
**Our interest rates are at historic lows, but slowly creeping higher. Home prices are severely depressed compared to where they were 3-4 years ago. What does that mean? NOW is a great time to buy real estate!