Tag Archive: Mortgage Rates and Your Home Price

Jun 01

Mortgage Rates and Your Home Price

How do rising interest rates influence how much you can afford to pay for your new home?  Goal: to keep your principal and interest payment between $1850 – $1880 per month.   The chart shows you how much house you can afford with rising interest rates.For example, with a 3.75% interest rate you can afford a $400,000 home. …

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