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Why is it important to understand interest rates?

Sometimes a few points can make a major difference: like the score of the SuperBowl, or a mortgage loan interest rate. In the Super Bowl a few points can be the difference between being a champion or a loser. And a few points difference in a mortgage interest rate can mean the difference of a few hundred dollars.

In the below video, real estate professional Jessica Edwards of Coldwell Banker Sea Coast Advantage explains why it is important to understand interest rates.

While your lender and real estate professional should serve as resources for information about interest rates, you can also use mortgage calculators to estimate your monthly payment.

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