Changing Interest Rates and Monthly Payments

With interest rates still at an all-time low, it’s easy to forget how much of an impact they can have on a your monthly mortgage payment. At some point, things are bound to change so keep in mind the fact that interest rates and monthly payments are directly tied tied to one another.

Here is a great visual that explains exactly how interest rate fluctuations can affect what your monthly mortgage payments look like.

interest rates and monthly payments

Speak Your Mind