Mortgage rates matter — here’s how much just a 1% difference could make

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Yes, size does matter when it comes to interest rates. Check out how much you could save. (iStock)

 

When you purchase a home, the real estate listing price and down payment is only a small part of the equation. Once you’ve signed the dotted line, paid the closing cost and turned the key to your home, you have some new numbers to consider.

One of the smallest (but most important) numbers home buyers need to understand is the interest rate — and how it applies to your financial goals.

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Read the full article at the source here:

https://www.foxbusiness.com/money/mortgage-rates-percent-difference

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