Hovering at 4.5%, interest rates remain at record lows. when you look at the graph above, it's incredible how much difference your rate can make in your monthly payment...and consequently, how much house you can afford to buy.
According to FreddieMac, rates are projected to climb to 5.1% by this time next year. Still incredibly low, but if you're thinking of buying a home, now might be the perfect time to lock in a lower rate!
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