fixed mortgage rates
The 50-basis-point spike adds about $108 to the monthly payment on a $300,000 loan, pushing a typical first-time buyer’s budget toward the limit. This rise from 6.55% to 6.8% may seem modest, but it reshapes long-term affordability and equity growth. $108 extra per month translates to
variable mortgage rates
13% of first-time Texas homebuyers chose an ARM for lower payments, yet 22% of those borrowers defaulted within two years, showing the risk of variable rates. While a variable rate may start below fixed rates, its adjustments tied to the Treasury index can quickly erode any early savings. Financial Disclaimer:
fixed mortgage rates
Financial Disclaimer: This article is for educational purposes only and does not constitute financial advice. Consult a licensed financial advisor before making investment decisions. Did you know that 60% of first-time buyers missed out on savings by locking rates too early? Let’s uncover how to time your rate lock