Homeownership isn't just an exciting concept, it's also a major step toward a financially stable lifestyle. After all, when you own your home, you don't have to worry about rising rent prices. And, as the value of your home grows, and you make your mortgage payments, you'll build equity. Then again, buying a home is a big decision. And, it's important that you can confidently make your monthly mortgage payments.
75%, your monthly payments would be $3,482.12. Don't wait for mortgage rates and monthly payments to rise. Lock in today's mortgage rates now. Why you should lock in your mortgage rate nowDebating whether to lock in your mortgage rate now or wait? Here's why you may want to lock it in now: Persistent inflation continues: The most effective way the Federal Reserve can combat inflation is by increasing its federal funds rate .