Mark Gladue breaks down the current cost to purchase a home in Madison based on interest rates as well as the current market availability between East and West Side of Madison. The average interest rate is expected to rise a whole percent in the next. How will that affect your purchase power? How large of…
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Mortgage rates, a day does make a difference!
In less than a month the average mortgage rate jumped up to 4.5% from 3.5%. That doesn’t seem like a lot until you do the math. In May the principal and interest on a $250,000 loan would be $1122.61 and that same loan today would be $1266.71 a month. That’s almost a $150.00 increase which…
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