mortgage rates: Mortgage rates fall from 5% to 4% - how much home can you afford now?
- 10/11/11 11:04 AM
Most times when a buyer is trying to determine if they can afford to buy a house or not, their monthly payment is key. Calculating a mortgage, and ultimately a purchase price on a monthly payment ceiling is the easiest way to find out how much home you can afford to buy. The recent changes in mortgage rates have increased everyone's buying power, and depending on the price range, makes a significant change in the quality and size of home you can afford to buy. Six months ago, 30-year fixed home mortgage rates were ranging around 5%. These rates vary slightly … (1 comments)
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Most times when a buyer is trying to determine if they can afford to buy a house or not, their monthly payment is key. Calculating a mortgage, and ultimately a purchase price on a monthly payment ceiling is the easiest way to find out how much home you can afford to buy. The recent changes in mortgage rates have increased everyone's buying power, and depending on the price range, makes a significant change in the quality and size of home you can afford to buy.
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