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Buying • Market News • January 10, 2025

How Mortgage Rates Affect Your Monthly Payment

by John Ward

Experts say rates will come down slightly in the year ahead – but some volatility is expected. So, you shouldn’t try to time the market. Instead, it’s better to focus on how even a small change impacts your future mortgage payment. As rates come down, even a little bit, your monthly payment on your next home will too.

 

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