Hi, I’m Matt Padgett with Keystone Mortgage. I hoped you’re having a great week.
If you’ve been paying attention to the financial news or the financial news channels, you know that interest rates are going up. Why are rates going up? Well, the stock market has been an all-time high this year and really the federal reserve is concerned that we are growing our economy too fast. Rates are going up.
What is that mean for a home buyer? Well, it means you will for the same house you will pay 10, 20, 30 extra dollars a month in interest rates compare to the rates you would get three or four months ago. However, they have not jumped crazy, they have not jumped 1, 2, or 3 points. But, what we want you to do is give us a call so we can look at your exact numbers and talk through those details.