How rising interest rates affect you TODAY!
What is the single biggest factor impacting your buying power today? It may not be what you think.
There is no question prices are skyrocketing and inventory is low. The median home price has increase to nearly $300k in Utah County. This creates a real challenge for most homebuyers. But price appreciation isn’t the only factor buyers should consider when timing their purchase.
Interest rates are on the rise and even a .24 increase in the interest rate could cost you $10k in buying power!
That means you may qualify for a home priced at $300k today at 4.5% interest but by December when rates are expected to see another jump, you may only qualify for $290k!
I sat down with one of our local lender partners to discuss in more detail how rising interest rates directly impact buyers today.
For Financing Options
Call Jeremy! We have worked with Jeremy for over a decade and consider him one of our most trusted lenders. He will discuss all options with you, keep in contact with you during the process and complete the loan on time!
Jeremy Plouzek, Lending Manager
Security Home Mortgage 576 South State, Orem Utah 84058
801-830-0083 www.itrustjeremy.com NMLS #151251