Real estate blog entries tagged with cost of waiting rising interest rates wait to buy a house by Mary Anne Daly, Queen of the Loan & Radio Show Host (Pacific Mortgage Consultants, NMLS #232164 CA DRE #01380812)

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Home : Blogs : Mary Anne Daly, Queen of the Loan & Radio Show Host : Mary Anne's Blog : Tag "cost of waiting rising interest rates wait to buy a house"

cost of waiting rising interest rates wait to buy a house: What Is The Cost of Waiting? - 07/28/11 01:55 PM

What Is The Cost of Waiting?

Did You Know The Average Mortgage Interest Rate Over The Last 20 Years Was 7.44%?*
Most experts agree that mortgage interest rates will rise from their current historic lows.
Taking the historical average into account, buyers should be aware of how rising interest rates effect affordability.

The example above illustrates how a rise of 1-2% in an interest rate lowers a buyer’s buying power.
The numbers will change slightly when property tax and insurance is added to the mix, but this illustration helps buyers understand how rising rates impact their buying … (7 comments)

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Mary Anne Daly, Queen of the Loan & Radio Show Host

Mill Valley, CA

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Pacific Mortgage Consultants, NMLS #232164 CA DRE #01380812

Address: Mill Valley, Corte Madera, Tiburon, Sausalito, Marin City, San Anselmo, Novato, Greenbrae, Lagunitas, Woodacre, Point Reyes , Mill Valley, CA, 94941

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