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With mortgage interest rates hovering around 7%, does it make sense to buy that dream house now Or is it better to wait until interest rates fall Thats the question would-be home buyers are facing. The answer often lies in how long you plan to stay in
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your home, and the market conditions of the community in which you re buying. If you can afford to buy the home of your dreams now at these higher interest rates, you can always refinance to a lower rate should rates decrease, said Carolyn Morganbesser, mortgage originations officer at Affinity Federal Credit Union. It really depends on your situation. I can tell you that this is exactly what many people do after buying a home. Interest rates are fluid. They are currently averaging 6.79% as of June 1, 2023, according todata from Fede
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ral Bank of St. Louis. They averaged 2.93% in June of 2021. Before the pandemic, in June of 2018, they averaged 4.54%.Interest rates have a huge impact on your monthly payment. A $
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400,000 loan at 7% represents $3,331 a month over 30 years, compared to $2,356 with a 4% interest rate loan over 30 years. Appreciation, closing costs and market conditions are also factors to consider in the timing of a home purchase.For those considering refinancing down the road, there are closing costs associated with the process, Morganbesser said. The cost of the refinance is determined by the loan amount and the state you live in. The closing costs would include any lender fees such as origination or application, Xlgy Giants beat Brewers 5-1, move into 1st-place tie
MILWAUKEE 鈥?The Ro
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ck Sports Complex is bringing back their annual reign of terror event, The Hill Has Eyes, and this year, it s going to be even more terrifying.Haunted Houses
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are probably not the most comfortable of places typically, but now with the COVID-19 pandemic, they are even scarier. But, what if you could attend a haunted house-like event that is outside Well, you can. Miller Park To Become Milwaukee s Main Testing Hub, Mayor Barrett SaysThe Hill Has Eyes is an event spread across 45 acres of land and offers 60 minutes of sheer terror. Every year our goal is to make The Hill Has Eyes scarier than the year before, said Haunt Director Joe Zimmerman. This year, our team of actors, makeup artists, and special effects wizards rose to the challenge of creating chills and thrills in an all-outdoor setting that ensures social distancing and safety in the age of COVID-19. Event planners have worked closely with the Franklin Health Department to modify The Hill Has Eyes, to make it safe for all attendees.According to a press release, 45 acres allows guests to comfortably spread out whether they are in the attraction,
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waiting in line, or enjoying a beverage in between haunts. In addition to having a lot of space, event organizers are also requiring all visitors to wear masks. If you do not wear a mask to the event, you will not be able to go into any of the attractions. You can learn more about The Hill Has Eyes safety measures here.Report a typo or error // Submit a news