Home Mortgage Interest Rates – How Low Can They Go?

Thinking of Buying a Home in Mission Viejo or Any Orange County Community?  Get Off the Fence While Rates Are At Historic Lows!

You do realize that home affordability is massively impacted by mortgage interest rates, right? Take a look at the numbers below – hypothetically buying a home in Mission Viejo for $400,000 with 20% down payment – the first chart is if you got the smokin’ hot interest rate of 4.5% and the second chart is if rates go back up to 5.5% – so you can see the difference in your monthly payment.

Monthly Payment at 4.5%

Monthly Payment at 5.5%

Tagged as: leslie eskildsen, mission viejo realtor