Interest Rates Won’t Be This Low Forever!

Interest rates won’t be this low forever. While you might not get the same rate you would have a few weeks ago or at the start of the year, you will get a better rate than what was possible at almost any other point in history. Why not lock in your housing costs for years to come?


thinking about buying a home while interest rates are low?Thinking About Purchasing A New Greater Charlotte Area Home?

Interest Rates Won’t Be This Low Forever!


Yes, interest rates have ticked up since the start of 2021 and rose to over 3% in early March, breaking an almost year-long decline in rates. Nonetheless, interest rates still remain low. And keep in mind interest rates of today won’t be this low forever, either, and are predicted to continue to increase throughout 2021.


Feeling like you missed the boat with interest rates?


While a gradual increase in 30-year fixed mortgage rates and a slight dip in mortgage applications does worry some as we enter the spring home-selling market and has them feeling like they missed the boat, here’s why the rise in interest rates should not overly worry you. Here’s why:


When you look at the Freddie Mac annual mortgage rates for the last five years, you gain a whole new perspective on what this uptick in interest rates might mean.

2016: 3.65%

2017: 3.99%

2018: 4.54%

2019: 3.94%

2020: 3.11%



Looking at mortgage rates over the last 50 years, it’s quickly evident that today’s rates just over 3% are still truly outstanding. 


1970’s: 8.86%

1980’s: 12.7%

1990’s: 8.12%

2000’s: 6.29%

2010’s: 4.09%



If you’re upset that you missed the “best mortgage rate ever,” that’s understandable. But don’t throw out the baby with the bathwater. Buying now still makes more sense than waiting… especially so if rates continue to increase this year.



Mortgage Interest Rate Projections For 2021

2021 Projections For Mortgage Interest Rates



The Cost Of Waiting To Buy A Home In 2021

The cost of waiting to buy a home in 2021



Waiting to purchase a home results in paying:


An extra $20,650 for price of the house

An additional $2,065 for a down payment (assuming 10% down)

An extra $116 per month in your mortgage payment ($1,392 additional per year)


Waiting to buy a home in 2021 ultimately reduces your equity build-up by $20,650.



Even though interest rates are rising, it’s still a good time to buy a Greater Charlotte area home.


Contact us if you’re not sure just how much home you can afford with today’s interest rates. We can introduce you to some of the Charlotte region’s top mortgage lenders.


Wondering how much home you can afford?



Are you ready to purchase while rates are still low?



If you are ready to purchase a home while rates are still low:




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Need To Sell Your Charlotte Area Home Before You Buy Your Next Home?


If you need to sell your home in the Charlotte region before buying a home we can provide you with a free home equity valuation. What you don’t know can cost you time and money when it comes to selling your house. The best source of information is your real estate agent and we’ve put together a growing list of helpful resources about the home selling process. When you’re ready, call Nina Hollander at 704-779-0813 to discuss how we can help sell your home.

 What's The Value of my Charlotte area home?


How much is my Charlotte area home worth?





Matching Greater Charlotte Home Buyers With Lifestyles For 20+ Years


Nina Hollander and Carolinas Realty Partners with Coldwell Banker Realty would appreciate the opportunity to earn your trust and to help you find your dream home in 2021.


We’ll help you find your lifestyle within your budget and your time-frame. Whether you’re a first-time home buyer, down-sizing, up-sizing, or relocating to Charlotte, we are here to guide you throughout the process and would love to earn your business, exceed your expectations, and show you how:

“The Right Broker Makes All The Difference.”


 Great Homes In Charlotte