The Cost Across Time

By
Linda Walters
posted
November 26, 2019
November 26, 2019



Some Highlights:

  • With interest rates around 3.66%, now is a great time to look back at where they’ve been over the past few decades. Comparatively, they’re pretty low!
  • According to Freddie Mac, rates are projected to increase to 3.9% by this time next year.
  • The impact your interest rate has on your monthly mortgage payment is significant. An increase of just $20 dollars in your monthly payment can add up to $240 per year and $7,200 over the life of your loan.
  • Maybe it’s time to lock in now, while rates are still historically low.

Read next

A Day in the Life of a Main Line Realtor

A Main Line Agent talks about the Perils of being Addicted to Zillow

Almost 100% of this Main Line Real Estate Agent’s clients admit to using Zillow. If not exclusively, then occasionally. Many sellers start there to get an idea of the price their home might fetch on a sale. And many buyers use its search feature to check for new listings. Like the best of the public websites that provide listing information, Zillow gets its data directly from public websites as well as the MLS system that agents use and pay for, but often the specific information they choose to disseminate to their viewers is not up to date or as precise. And their valuations are often way off.

Read More
Sage Updates

Latest in Bathroom Trends

Houzz reports that showers are key: Four in five homeowners upgrade the shower during a master bathroom renovation (83%) and over half increase the shower size (54%). For many renovators, this alleviates the pre-project pet peeve of a small shower (38%), which is second only to having an outdated space (59%). Fewer than a quarter of renovating homeowners choose to increase the bathroom size (22%).

Read More
Sage Updates

Interest Rate Cuts May Be Over

Interest Rate Cuts May Be OverMortgage rates rose Friday after data showed the economy added more jobs than expected last month, a sign of ongoing growth.

Read More

Connect with a Sage

Start a conversation with the Main Line's luxury home experts.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Connect with us
Sage Realty LLC
37 West Ave, Suite #202,
Wayne, PA 19087
PA license # RB065378
Linda Walters
Broker of record:
PA license # RM419313