"Yes, mortgage rates have gone up. But, to put things in perspective, the cash difference between monthly payments now & 2 weeks ago for the average mortgage is only $22 per month. 74 cents a day!

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William Piotrowski, Just Call William 630-881-8655 (Diamond Residential Mortgage Corporation )

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Susan Emo

Kingston, ON

Kingston and the 1000 Islands Area

I well remember the interest rates in the 19% - 21% days and people still bought homes, they still got mortgages and life continued.

Aug 22, 2015 06:25 AM

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Roy Kelley

Gaithersburg, MD
William Piotrowski

Naperville, IL
Susan Emo

Kingston, ON

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634,582

Kathleen Luiten

Resort and Second-Home Specialist - Princeville, HI

Kauai Luxury Ocean Home Sales

Our rates have been mostly flat.

Aug 22, 2015 05:43 AM

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Roy Kelley

Gaithersburg, MD
William Piotrowski

Naperville, IL

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Michael Jacobs

Pasadena, CA

Pasadena And Southern California 818.516.4393

It's all about perspective, isn't it? I remember thinking 8 and even 10% were pretty good interest rates.

Aug 22, 2015 02:46 AM

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Roy Kelley

Gaithersburg, MD
William Piotrowski

Naperville, IL

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The Woodland Team North Shore Lake Superior

The Woodland Companies - Grand Marais, MN

Land Specialists

Still pretty low.

Nov 23, 2018 04:46 AM

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Bob Crane

Stevens Point, WI

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Kevin J. May

Florida Supreme Realty - Hobe Sound, FL

Serving the Treasure & Paradise Coasts of Florida

........ or only $264 a year and $7,920 over the next 30 years as another perspective. Blame it on China. everyone else is.

Aug 22, 2015 10:30 PM

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William Piotrowski

Naperville, IL

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Roy Kelley

Retired - Gaithersburg, MD

When mortgage interest rates were in the 16% level, some of us thought that we would be back to normal if the rates went back down to the 12% level.

Most of the agents in the real estate business have not really experienced high mortgage interest rates.

Aug 22, 2015 05:53 AM

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William Piotrowski

Naperville, IL

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Tammy Lankford,

Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA

Broker GA Lake Sinclair/Eatonton/Milledgeville

They haven't gone up in my market and with what is going on in China and the feds likely now not to raise the rates in September I don't see them moving in the next year.

Aug 22, 2015 03:30 AM

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William Piotrowski

Naperville, IL

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Stefan Winter

Real Estate in IL & NV | Owner of Real Estate Web Tech | Daily Vlogger - Las Vegas, NV

Owner - Winter Group & Real Estate Web Tech

Something we always have to explain, a lot of people can't imagine math with big numbers. They automatically think it has to be a huge difference. We always need to educate!

Aug 22, 2015 01:58 AM

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William Piotrowski

Naperville, IL

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Bob Crane

Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI

Forestland Experts! 715-204-9671

Small increases like we have had in the last few years do not make any difference.

May 26, 2018 09:26 PM

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I well remember the interest rates in the 19% - 21% days and people still bought homes, they still got mortgages and life continued.
It's all about perspective, isn't it? I remember thinking 8 and even 10% were pretty good interest rates.
........ or only $264 a year and $7,920 over the next 30 years as another perspective. Blame it on China. everyone else is.
When mortgage interest rates were in the 16% level, some of us thought that we would be back to normal if the rates went back down to the 12% level.

Most of the agents in the real estate business have not really experienced high mortgage interest rates.
They haven't gone up in my market and with what is going on in China and the feds likely now not to raise the rates in September I don't see them moving in the next year.
Something we always have to explain, a lot of people can't imagine math with big numbers. They automatically think it has to be a huge difference. We always need to educate!
Small increases like we have had in the last few years do not make any difference.