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How Mortgage Rates Affect Your Monthly Payment

January 14, 2025

Infographic compares monthly mortgage payments and savings across four loan amounts and interest rates from 7.5% to 6.0%.

 

Some Highlights

  • Experts say rates will come down slightly in the year ahead – but some volatility is expected. So, you shouldn't try to time the market.
  • Instead, it's better to focus on how even a small change impacts your future mortgage payment. As rates come down, even a little bit, your monthly payment on your next home will too.
  • Want to see what this looks like at a different price point? Connect with an agent or lender.

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