The Impact of Changing Mortgage Rates [INFOGRAPHIC]

<article class="post-694753 post type-post status-publish format-standard has-post-thumbnail hentry" id="post-694753"><span class="entry-date">May 19, 2023</span><div class="entry-header center-block text-center"><h1 class="entry-title">The Impact of Changing Mortgage Rates [INFOGRAPHIC]</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=The+Impact+of+Changing+Mortgage+Rates+%5BINFOGRAPHIC%5D&amp;url=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fthe-impact-of-changing-mortgage-rates-infographic%2F" target="_blank"><span class="force-hidden">Twitter</span></a>
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<h3>Some Highlights</h3>
<ul>
<li>If you’re looking to <a href="https://www.simplifyingthemarket.com/2023/05/01/why-buying-a-home-makes-more-sense-than-renting-today/" rel="noopener noreferrer" style="color: rgb(5, 99, 193);" target="_blank">buy</a> a home, you should know even a small change in mortgage rates has an <a href="https://tradingeconomics.com/united-states/average-mortgage-size" rel="noopener noreferrer" style="color: rgb(5, 99, 193);" target="_blank">impact</a> on your <a href="https://www.simplifyingthemarket.com/2023/04/03/how-changing-mortgage-rates-can-affect-you/" rel="noopener noreferrer" style="color: rgb(5, 99, 193);" target="_blank">purchasing power</a>.</li>
<li>These charts show how <a href="https://www.simplifyingthemarket.com/2023/05/10/the-impact-of-inflation-on-mortgage-rates/" rel="noopener noreferrer" style="color: rgb(5, 99, 193);" target="_blank">rates</a> generally affect your <a href="https://www.mortgagecalculator.net/" rel="noopener noreferrer" style="color: rgb(5, 99, 193);" target="_blank">monthly payment</a>.</li>
<li>The best way to <a href="https://www.simplifyingthemarket.com/2023/04/28/ways-to-overcome-affordability-challenges-in-todays-housing-market-infographic/" rel="noopener noreferrer" style="color: rgb(5, 99, 193);" target="_blank">navigate</a> changing <a href="https://www.simplifyingthemarket.com/2023/04/26/the-three-factors-affecting-home-affordability-today/" rel="noopener noreferrer" style="color: rgb(5, 99, 193);" target="_blank">mortgage rates</a> and make an informed buying decision is to rely on the expertise of a local real estate professional and mortgage lender.</li>
</ul>
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