How Mortgage Rates Affect Your Monthly Payment

<article class="post-1333138 post type-post status-publish format-standard has-post-thumbnail hentry" id="post-1333138"><span class="entry-date">January 10, 2025</span><div class="entry-header center-block text-center"><h1 class="entry-title">How Mortgage Rates Affect Your Monthly Payment</h1><div class="shareBlock"><div class="shareTitle">Share</div><div class="shareIcons"><a aria-label="Twitter Share Link" class="twitter solid display-inline-block" data-tracking="Post,Social Post Link Clicked,Twitter" href="http://twitter.com/share?text=How+Mortgage+Rates+Affect+Your+Monthly+Payment&amp;url=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fhow-mortgage-rates-affect-your-monthly-payment%2F" target="_blank"><span class="force-hidden">Twitter</span></a>
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</div></div><div class="post-tax post-category"><span></span><a href="../category/realtor-blog/index.html" rel="tag">Realtor Blog</a></div><div class="post-tax post-post_tag"></div></div><div class="entry-content"><div><img alt="How Mortgage Rates Affect Your Monthly Payment Simplifying The Market" decoding="async" loading="lazy" src="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20250108/How-Mortgage-Rates-Affect-Your-Monthly-Payment-KCM-Share-original.jpg" style="display: block; margin-bottom: 5px; clear: both; max-width: 100%;" width=""/>
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<h3>Some Highlights</h3>
<ul>
<li>Experts say <a href="https://www.simplifyingthemarket.com/2025/01/07/expert-forecasts-for-the-2025-housing-market/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">rates</a> will <a href="https://www.fanniemae.com/newsroom/fannie-mae-news/housing-market-unlikely-thaw-2025-due-affordability-challenges-and-lock-effect" rel="noopener noreferrer" target="_blank">come down</a> slightly in the year ahead – but some volatility is expected. So, you shouldn’t try to time the market.</li>
<li>Instead, it’s better to focus on how even a small change impacts your future <a href="https://www.mortgagecalculator.net/" rel="noopener noreferrer" target="_blank">mortgage payment</a>. As rates come down, even a little bit, your monthly payment on your next home will too.</li>
<li>Want to see what this looks like at a different price point? Connect with an agent or lender.</li>
</ul>
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