Add 1% to your home mortgage interest cost and tell everyone how you like the new payment... https://www.google.com/search?q=average+home+mortgage+amount&oq=average+home+mortgage&aqs=chrome.3.69i57j0l5.14452j0j4&sourceid=chrome&ie=UTF-8 A 1/4% increase in 2018 may be like a 3% to 4% in 1980 on much lower mortgage values... Only an estimate, of course... What will you forego after a payment increases?... Pizza, King Crab, coolie waters, beach date?... It matters if rates move...LJ