The US inflation at its highest level in nearly 40 years.  Economists expect the actions taken by the Federal Reserve to combat inflation will move mortgage interest rates higher through the end of 2022. Although still low by historical standards, an increase in interest rates may reduce buyer demand as affordability becomes a more influential factor in home purchases.  Less demand would likely be healthy for the Real Estate Market as Demand in this Seller's market has been extreme.

A great example of how this rate change will change affordability is available below thanks to

- A buyer purchasing a home at $300,000 with a 3% interest rate with 20% down and the standard tax/home insurance rates provided would have an estimated Total Monthly Payment of $1,295.18

- At 3.5% the Total Monthly Payment is $1,361.04  ($65.86 increase over 3%)

- At 4.0% the Total Monthly Payment is $1,429.13  ($133.95 increase over 3%)

These increases get more dramatic with higher price point homes.

If you are looking to buy a home in the next 12 months, this may be a great time to take your search to the next level. 

Please let me know how I can be of assitance. I would love to help with your Real Estate Purchase.

Feel free to search for homes in the Charlotte Metro and Surrounding Areas at our Website at