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Interest Rates Are Above 6%. This Is How Much More You'll Pay in Interest for a $500k Home

Interest Rates Are Above 6%. This Is How Much More You'll Pay in Interest for a $500k Home

Mortgage rates are at their highest level since November 2008. For home buyers who waited until now to borrow, the price difference could be hundreds of thousands of dollars in interest. It only took 12 months for mortgage rates to double, leaving many to wonder how we got here.