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How Mortgage Rates Impact Your Monthly Payment

Monday, January 13, 2025

Primary Blog/Homeowner/How Mortgage Rates Impact Your Monthly Payment

How Mortgage Rates Impact Your Monthly Payment

Expert Insight: Mortgage rates are projected to decline slightly over the next year, but some fluctuations are expected.



"Average mortgage rates will decline modestly but remain above 6 percent, with likely bouts of volatility."

— Fannie Mae



Instead of trying to predict the perfect time to buy, it’s more practical to focus on how even a small change in rates can influence your monthly payment.

Want to see what this looks like at a different price point? Connect with a trusted Mortgage Consultant Derick Hungerford at 240-475-9906.


​*Principal and Interest Payment: Total monthly payment may vary based on loan specifications such as property taxes, insurance, HOA dues, and other fees. Interest rates listed here are for marketing purposes only. Consult Derick Hungerford for more information.

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