This is significant—Mortgage Rates Spiking

The difference in monthly payment between a 3% interest rate and a 5% interest rate is about 25%. That changes the affordability equation for a given homeowner substantially.

For a $300,000 loan...
The monthly payment at 5% = $1610
The monthly payment at 3% = $1265

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Видео This is significant—Mortgage Rates Spiking канала Get Rich Education