Tag: Buyers purchasing power

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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