Selling your Home or Buying A Home
Call 281-717-4412 or visit callmickiec.com
When you’re buying a home or refinancing in Katy, TX, Fulshear, TX, Brookshire, TX, Cypress, TX, or Sugar Land, TX, even a small drop in mortgage rates can make a big difference in your monthly payment. With home prices rising across the Houston area, lowering your interest rate can help you save hundreds of dollars each month and thousands of dollars over the life of your loan.
Why Mortgage Rates Matter
Your mortgage rate directly impacts your monthly principal and interest (P&I) payment. For example, let’s look at a $400,000 home loan:
- At a 7.00% fixed rate, the monthly P&I is $2,661.21
- At a 6.75% fixed rate, the monthly P&I drops to $2,594.39 – saving you $66.82 each month
- At a 6.50% fixed rate, the monthly P&I is $2,528.27 – saving you $132.94 each month
That means by lowering your mortgage rate just 0.50%, you could save more than $1,500 per year on your housing costs.
Savings Add Up for Homebuyers in the Houston Suburbs
Families moving to Katy, Fulshear, Brookshire, Cypress, and Sugar Land are often looking for larger homes, good schools, and convenient commutes. With loan amounts averaging around $400,000 or more in these communities, the impact of interest rate changes is even more significant.
By working with a local mortgage advisor, you can:
- Compare today’s mortgage rates
- Explore refinancing options if you already own a home
- Lock in a lower monthly payment that fits your family’s budget
Why Now Is a Smart Time to Review Your Mortgage Options
Selling your Home or Buying A Home
Call 281-717-4412 or visit callmickiec.com
Mortgage rates fluctuate based on the economy, inflation, and housing demand. If you’re planning to buy or refinance in Katy, Fulshear, Brookshire, Cypress, or Sugar Land, TX, staying informed about rate changes can help you secure the best possible deal.
Even if you bought your home just a year ago, refinancing into a slightly lower rate could free up cash for savings, college funds, or home improvements.
Bottom line: Whether you’re purchasing your first home in Cypress, upgrading to a larger property in Sugar Land, or refinancing your current home in Katy, Fulshear, or Brookshire, a small change in mortgage rates can significantly lower your monthly payment.
