10/03/2025
Big news—mortgage rates have come down, and even a half-percent cut can make a huge difference for homeowners and buyers.
💡 Here’s a quick example:
Let’s say you’re buying a $300,000 home and putting 20% down. That’s a $240,000 loan.
• At 7% interest, your monthly principal & interest payment is about $1,596.
• At 6.5% interest, your monthly payment drops to about $1,517.
👉 That’s $79 less every month or $948 saved in just one year—and over the life of a 30-year loan, that’s $28,000+ in savings.
📌 Whether you’re thinking about buying or refinancing, now could be the time to run the numbers. Want me to help you see what the new rates could mean for your payment? Shoot me a message!
📲 812-592-4986