The Buyer's Guide: The Impact of +1% in Mortgage Rates

Interest rates are the highest they've been in seven years, and are forecasted to continue to increase. So what? Big deal. Just a few points can't make that big of a difference ... right? Let's find out, using real numbers based on the current San Diego market. Watch below as I review how much of an impact just a 1% increase in mortgage rates can have on your monthly payments throughout the life of your loan. 

As interest rates are the highest they've been in seven years, with anticipation to increase, watch as I'll explain the significant impact just +1% can have on the life of your loan.