Best Foreclosure Lawyers in Woodbridge, NJ

New post: The monthly mortgage payment on a $400,000 loan is about $810 more compared to year ago. - MORTGAGE RATES JUMP EVEN HIGHER AFTER FED HIKE THE MONTHLY MORTGAGE PAYMENT ON A $400,000 LOAN IS ABOUT $2,470 COMPARED TO $1,660 A YEAR AGO, ACCORDING TO NAR As a borrower, it doesn’t make much sense to try to time your rate in this market. Our best advice is to buy when you’re financially ready and can afford the home you want — regardless of current interest rates. Remember that you’re not stuck with your mortgage rate forever. If rates drop significantly, homeowners can always refinance later on to cut costs. The monthly mortgage payment on a $400,000 loan is about $2,470 compared to $1,660 a year ago, the National Association of REALTORS® reports. Owners may be locked into their current loans as mortgage rates rise, and the 3% rates from last year may not be back anytime soon, Nadia Evangelou, NAR’s senior economist and director of forecasting, says on the association’s blog. “While the nation is suffering from a severe housing shortage [...