That's the real estate experts are saying.

If you're still sitting on the fence about buying a home or refinancing as Denver seven's Russell Hey, Thorne explains, the stock market might be stable, but mortgage rates they have skyrocketed since Trump won the presidency.

Yeah, it's true.

Mortgage rates went from 3.75% earlier this week to 4.25% now to give you some perspective on a home like this, which is for sale for $400,000 that means you would pay an additional $114 a month on your mortgage on a home like this.

And an additional $41,000 over the term of that loan pretty much changed everything in our country.

For the time, people who were on the fence with refinancing or purchasing are being affected right now.

The interest rates they thought they were going to get there getting payments, they thought principal and interest aren't what they're getting anymore.

Now.

It's not all bad news for Homebuyers.

Historically rates, and just over 4% they're still way lower than they were even seven years ago when the housing bubble burst.