The High Impact of Low Interest Rates on Your Purchasing Power

Monthly Archives: July 2017

Archives

The High Impact of Low Interest Rates on Your Purchasing Power
Image Uncategorized michael

According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 3.96%, which is still near record lows in comparison to recent history! The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing power. Purchasing power, simply put,
Details

Be Thankful You Don’t Have to Pay Mom and Dad’s Interest Rate
Image Featured Reading michael

Interest rates have hovered around 4% for the majority of 2017, which has given many buyers relief from rising home prices and has helped with affordability. Experts predict that rates will increase by the end of 2017 and will be about three-quarters of a percentage point higher, at 4.5%, by the end of 2018. Last
Details