1. You decide to purchase a home that costs $175843. You will make a down payment of $10141 and borrow the rest from a 15-year mortgage. Currently, the best interest rate on a 15-year mortgage is around 3.1%. Based on the information, what would be your monthly payment?
2. What will happen with short and long term interest rates in 2019 (in the next 12 months)?
3. You decide to purchase a home that costs $139845. You will make a down payment of $11168 and borrow the rest from a 15-year mortgage. Currently, the best interest rate on a 15-year mortgage is around 3.3%. Based on the information, what would be your monthly payment?