you should have done it that's what real
estate experts are saying if you're
still sitting on the fence about buying
a home or refinancing as Denver sevens
Russell hey Thoren explains the stock
market might be stable but mortgage
rates they have skyrocketed since Trump
won the presidency yeah it's true
mortgage rates went from three point
seven five percent earlier this week to
4.25 percent now to give you some
perspective on a home like this which is
for sale for four hundred thousand
dollars that means you would pay an
additional one hundred fourteen dollars
a month on your mortgage on a home like
this and an additional forty one
thousand dollars over the term of that
loan pretty much changed everything in
our country for the time being people
who are on the fence with refinancing or
purchasing are being affected right now
the interest rates they thought they
were going to get they aren't getting
any more the payments they thought
principal and interest aren't what
they're getting anymore now it's not all
bad news for homebuyers historically
rates at just over four percent they're
still way lower than they were even
seven years ago when the housing bubble
burst and most experts say this
rollercoaster ride this week should
stabilize