Seacoast Area Homes - Serving the real estate needs of New Hampshire and Maine
Serving all your housing and investment needs.

How Interest Rates Impact Family Wealth

How Interest Rates Impact Family Wealth | Keeping Current Matters


With interest rates still in the low 4%’s, many renters and buyers may be on the fence as to whether to act now and purchase a new home, or wait until next year.

If you look at what the experts are predicting for 2015, it may make the decision for you.

Predictions for 2015 3Q:

Even an increase of half a percentage point can put a dent in your family’s net worth.

Let’s look at it this way…

The monthly payment (principal & interest only) on a $250,000 home today, with the current 4.1% interest rate would be $1,208.

If we take that same home a year later, the Home Price Expectation Survey projects that prices will rise about 4% making that home cost $10,000 more at $260,000.

If we take Freddie Mac’s rate projection of 4.8%, the monthly mortgage payment climbs to $1,364.

Some buyers might not think that an extra $156 a month is that bad. But over the course of 30-year mortgage you have spent an additional $56,160 by waiting a year.  I'm ready to assist you in your entire home purchasing process, feel free to text, email, or call me for a free home purchase consultation.  Marcel Bartley 207-252-1252 

  Mortgage Rate Projections | Keeping Current Matters



Featured Properties

For Sale$750,000
  • 3 Bedrooms
  • 2 Full, 3 Half Bath(s)
  • 4000 Sq ft. (MOL)
  • Eliot

Home Status Report

Want to know if a home is still on the market, or if the price has changed? We can help. Simply fill out the information below and with no obligation to you we'll get back to you with your requested information. We guarantee your privacy.

Your Information
Property Information
Fields with an * are required