The Buyer's Guide: The Impact of +1% in Mortgage Rates

Interest rates are the highest they've been in seven years, and are forecasted to continue to increase. So what? Big deal. Just a few points can't make that big of a difference ... right? Let's find out, using real numbers based on the current San Diego market. Watch below as I review how much of an impact just a 1% increase in mortgage rates can have on your monthly payments throughout the life of your loan.