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Mortgage Rates on the Rise

Mortgage Rates on the Rise

CategoriesFinancial Education / First Time Home Buyer

Rebecca Squyres

March 10, 2022

Mortgage rates are on the rise, and the more they go up, the more your purchasing power goes down.

Imagine you can afford to pay $1,600 on your monthly principal and interest payment. If mortgage rates rise just 1%, you’d have to pay an extra $200 a month for borrowing the same amount of money. Or, you could settle for a lower-priced house to stay within budget.

Why take that risk? If you’re ready to buy, make your move now while rates are still affordable.

Contact me to get started!

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Equal Housing Lender. ©2017 GMFS LLC. Loan programs not available in all states, or to all consumers. All loans are subject to availability at the time of application and for terms that meet each individual consumer’s needs and qualification information. Loan applications are subject to credit and property approval. GMFS LLC encourages all consumers to consult with a tax advisor concerning the tax implications for the type of mortgage sought. All mortgages are originated by GMFS LLC, NMLS ID #64997, at 7389 Florida Blvd. Suite 200A Baton Rouge, LA 70806. The retail division of GMFS LLC is Doing Business As “GMFS Mortgage”.

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