How Mortgage Rates Affect Your Monthly Payment
KCM Crew • January 10, 2025
Some Highlights
- Experts say rates will come down slightly in the year ahead – but some volatility is expected. So, you shouldn't try to time the market.
- Instead, it's better to focus on how even a small change impacts your future mortgage payment. As rates come down, even a little bit, your monthly payment on your next home will too.
- Want to see what this looks like at a different price point? Connect with an agent or lender.
Thanks to recent home price appreciation, homeowners have near record amounts of equity – and you may too. On average, homeowners have $311K worth of equity.
Talk about the economy is all over the news, and the odds of a recession are rising this year.
For a long time, the housing market was all sunshine for sellers.
